Short Interest in Capital Bancorp, Inc. (NASDAQ:CBNK) Increases By 50.1%

Capital Bancorp, Inc. (NASDAQ:CBNK) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 98,600 shares, a growth of 50.1% from the December 15th total of 65,700 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 50,200 shares, the short-interest ratio is currently 2.0 days.

Capital Bancorp Trading Up 2.3 %

NASDAQ:CBNK traded up $0.64 during mid-day trading on Friday, hitting $29.07. 51,865 shares of the stock traded hands, compared to its average volume of 49,760. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. Capital Bancorp has a 52 week low of $19.02 and a 52 week high of $31.22. The stock has a market capitalization of $481.40 million, a price-to-earnings ratio of 12.48 and a beta of 0.51. The firm’s 50 day moving average is $28.70 and its two-hundred day moving average is $25.96.

Capital Bancorp (NASDAQ:CBNK) last released its earnings results on Monday, October 28th. The financial services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). Capital Bancorp had a net margin of 14.49% and a return on equity of 12.66%. The business had revenue of $59.25 million for the quarter. On average, equities research analysts predict that Capital Bancorp will post 2.37 earnings per share for the current year.

Capital Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, November 4th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.38%. Capital Bancorp’s dividend payout ratio (DPR) is 17.17%.

Insiders Place Their Bets

In related news, COO Steven M. Poynot acquired 2,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were acquired at an average cost of $25.36 per share, for a total transaction of $50,720.00. Following the completion of the transaction, the chief operating officer now directly owns 4,503 shares in the company, valued at approximately $114,196.08. This trade represents a 79.90 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dominic C. Canuso acquired 1,000 shares of the stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of $25.52 per share, with a total value of $25,520.00. Following the completion of the purchase, the chief financial officer now directly owns 2,000 shares in the company, valued at approximately $51,040. The trade was a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 32.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in Capital Bancorp in the 4th quarter valued at about $109,000. Wedge Capital Management L L P NC boosted its holdings in shares of Capital Bancorp by 31.3% in the fourth quarter. Wedge Capital Management L L P NC now owns 93,993 shares of the financial services provider’s stock valued at $2,679,000 after purchasing an additional 22,381 shares during the period. Praetorian Wealth Management Inc. purchased a new stake in shares of Capital Bancorp in the fourth quarter valued at approximately $205,000. JPMorgan Chase & Co. increased its holdings in Capital Bancorp by 68.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,458 shares of the financial services provider’s stock worth $500,000 after purchasing an additional 7,879 shares during the period. Finally, Barclays PLC increased its holdings in Capital Bancorp by 297.3% during the 3rd quarter. Barclays PLC now owns 11,918 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 8,918 shares during the period. 56.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised their price target on Capital Bancorp from $28.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

About Capital Bancorp

Capital Bancorp, Inc operates as the bank holding company for Capital Bank, N.A. that provides various banking products and services to businesses, not-for-profit associations, and entrepreneurs in Maryland, Virginia, and the District of Columbia. It operates through Commercial Banking, Capital Bank Home Loans, and OpenSky segments.