Steven M. Poynot Purchases 2,000 Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) Stock

by · The Cerbat Gem

Capital Bancorp, Inc. (NASDAQ:CBNK – Get Free Report) COO Steven M. Poynot bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average price of $25.36 per share, for a total transaction of $50,720.00. Following the completion of the purchase, the chief operating officer now owns 4,503 shares in the company, valued at $114,196.08. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Capital Bancorp Price Performance

Shares of NASDAQ CBNK opened at $28.08 on Friday. Capital Bancorp, Inc. has a 52 week low of $19.02 and a 52 week high of $29.48. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.05. The firm has a market cap of $390.59 million, a P/E ratio of 12.05 and a beta of 0.47. The business’s 50 day moving average price is $25.25 and its 200 day moving average price is $22.90.

Capital Bancorp (NASDAQ:CBNK – Get Free Report) last released its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.02). Capital Bancorp had a net margin of 14.49% and a return on equity of 12.90%. The business had revenue of $59.25 million during the quarter. On average, sell-side analysts expect 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. Shareholders of record on Monday, November 4th will be paid 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 1.42%. Capital Bancorp’s payout ratio is currently 17.17%.

Hedge Funds Weigh In On Capital Bancorp

Several institutional investors and hedge funds have recently modified their holdings of CBNK. Vanguard Group Inc. grew its holdings in Capital Bancorp by 0.9% during the first quarter. Vanguard Group Inc. now owns 437,034 shares of the financial services provider’s stock worth $9,103,000 after acquiring an additional 4,019 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Capital Bancorp by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 227,234 shares of the financial services provider’s stock worth $4,658,000 after purchasing an additional 9,461 shares during the period. Pacific Ridge Capital Partners LLC increased its holdings in shares of Capital Bancorp by 14.3% during the 2nd 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 in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Capital Bancorp by 3.5% in the 1st quarter. Russell Investments Group Ltd. now owns 101,302 shares of the financial services provider’s stock valued at $2,110,000 after purchasing an additional 3,454 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Capital Bancorp by 5.2% in the 3rd 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 period. Institutional investors and hedge funds own 56.14% of the company’s stock.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on Capital Bancorp

About Capital Bancorp

(Get Free Report)

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.

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