Dominic C. Canuso Purchases 1,000 Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) Stock

Capital Bancorp, Inc. (NASDAQ:CBNK) CFO Dominic C. Canuso purchased 1,000 shares of the business’s stock in a transaction that occurred on 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 acquisition, the chief financial officer now owns 2,000 shares of the company’s stock, valued at approximately $51,040. The trade was a 100.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Capital Bancorp Trading Up 3.0 %

Shares of Capital Bancorp stock opened at $26.03 on Wednesday. Capital Bancorp, Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $26.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.00 and a current ratio of 1.01. The firm has a market capitalization of $362.08 million, a price-to-earnings ratio of 11.17 and a beta of 0.47. The stock has a 50 day moving average of $25.12 and a 200 day moving average of $22.82.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02). The company had revenue of $59.25 million during the quarter. Capital Bancorp had a net margin of 14.49% and a return on equity of 12.90%. As a group, research analysts predict that Capital Bancorp, Inc. will post 2.47 earnings per share for the current year.

Capital Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, November 4th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. Capital Bancorp’s payout ratio is currently 17.17%.

Wall Street Analyst Weigh In

CBNK has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their target price on Capital Bancorp from $25.00 to $27.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 23rd. Hovde Group raised their price objective on shares of Capital Bancorp from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th.

Institutional Trading of Capital Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBNK. Lazard Asset Management LLC acquired a new stake in shares of Capital Bancorp in the first quarter valued at $26,000. BNP Paribas Financial Markets grew its position in Capital Bancorp by 80.9% in the 1st quarter. BNP Paribas Financial Markets now owns 4,942 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 2,210 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Capital Bancorp during the second quarter worth about $256,000. Janney Montgomery Scott LLC lifted its position in shares of Capital Bancorp by 4.6% during the first quarter. Janney Montgomery Scott LLC now owns 13,200 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 575 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of Capital Bancorp in the second quarter valued at approximately $304,000. Hedge funds and other institutional investors own 56.14% of the company’s stock.

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.