Capital Bancorp (NASDAQ:CBNK) Sees Unusually-High Trading Volume – Still a Buy?

Capital Bancorp, Inc. (NASDAQ:CBNK) shares saw strong trading volume on Friday . 25,049 shares changed hands during mid-day trading, a decline of 8% from the previous session’s volume of 27,275 shares.The stock last traded at $30.22 and had previously closed at $30.62.

Wall Street Analyst Weigh In

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

Capital Bancorp Price Performance

The company has a market cap of $510.88 million, a price-to-earnings ratio of 13.14 and a beta of 0.50. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $27.12 and its 200 day simple moving average is $24.43.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings results 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 business had revenue of $59.25 million for the quarter. Capital Bancorp had a return on equity of 12.66% and a net margin of 14.49%. On average, equities research analysts anticipate that Capital Bancorp, Inc. will post 2.37 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

The firm also recently declared 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 1.30%. Capital Bancorp’s dividend payout ratio is presently 17.17%.

Insider Activity at Capital Bancorp

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

Institutional Trading of Capital Bancorp

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Capital Bancorp by 0.9% in the first quarter. Vanguard Group Inc. now owns 437,034 shares of the financial services provider’s stock valued at $9,103,000 after purchasing an additional 4,019 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Capital Bancorp by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 227,234 shares of the financial services provider’s stock valued at $4,658,000 after purchasing an additional 9,461 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in Capital Bancorp by 14.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 208,364 shares of the financial services provider’s stock valued at $4,271,000 after purchasing an additional 26,091 shares during the last quarter. State Street Corp increased its stake in Capital Bancorp by 0.9% in the third quarter. State Street Corp now owns 175,639 shares of the financial services provider’s stock valued at $4,516,000 after purchasing an additional 1,526 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in Capital Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 89,110 shares of the financial services provider’s stock valued at $2,291,000 after purchasing an additional 4,422 shares during the last quarter. Institutional investors and hedge funds 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.