Capital Bancorp (NASDAQ:CBNK) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Capital Bancorp, Inc. (NASDAQ:CBNK) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $23.17 and traded as high as $29.11. Capital Bancorp shares last traded at $28.15, with a volume of 52,115 shares.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their price target on Capital Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a research report on Tuesday, July 23rd. Hovde Group lifted their price target on shares of Capital Bancorp from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th.

Capital Bancorp Trading Up 0.2 %

The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23. The company has a market cap of $461.20 million, a PE ratio of 11.93 and a beta of 0.47. The stock has a 50 day moving average price of $25.55 and a 200 day moving average price of $23.20.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly 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). The company had revenue of $59.25 million during the quarter. Capital Bancorp had a return on equity of 12.66% and a net margin of 14.49%. Sell-side analysts predict that Capital Bancorp, Inc. will post 2.37 EPS for the current fiscal year.

Capital Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, November 4th will be given a $0.10 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.44%. Capital Bancorp’s payout ratio is currently 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 bought 1,000 shares of Capital Bancorp stock in a transaction dated Monday, November 4th. The stock was purchased at an average cost of $25.52 per share, for a total transaction of $25,520.00. Following the purchase, the chief financial officer now owns 2,000 shares of the company’s stock, valued at approximately $51,040. This trade represents a 100.00 % increase in their position. The disclosure for this purchase can be found here. 32.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. State Street Corp boosted its holdings in Capital Bancorp by 0.9% during the 3rd quarter. State Street Corp now owns 175,639 shares of the financial services provider’s stock valued at $4,516,000 after acquiring an additional 1,526 shares during the period. Martingale Asset Management L P grew its holdings in shares of Capital Bancorp by 10.1% in the third quarter. Martingale Asset Management L P now owns 27,369 shares of the financial services provider’s stock worth $704,000 after purchasing an additional 2,511 shares during the last quarter. Fourthstone LLC increased its stake in Capital Bancorp by 104.6% in the 3rd quarter. Fourthstone LLC now owns 51,551 shares of the financial services provider’s stock worth $1,325,000 after buying an additional 26,358 shares during the period. BNP Paribas Financial Markets lifted its holdings in Capital Bancorp by 317.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider’s stock valued at $201,000 after buying an additional 5,937 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Capital Bancorp in the 3rd quarter valued at about $276,000. Hedge funds and other institutional investors own 56.14% of the company’s stock.

Capital Bancorp Company Profile

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.