Capital Bancorp, Inc. (NASDAQ:CBNK) Receives $34.67 Average Price Target from Brokerages
by Sarita Garza · The Markets DailyCapital Bancorp, Inc. (NASDAQ:CBNK – Get Free Report) has earned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $34.6667.
A number of equities research analysts have weighed in on the stock. Zacks Research upgraded shares of Capital Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Keefe, Bruyette & Woods increased their price target on shares of Capital Bancorp from $31.00 to $32.00 and gave the company a “market perform” rating in a report on Monday, February 2nd. Finally, Weiss Ratings upgraded shares of Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 4th.
View Our Latest Stock Report on CBNK
Institutional Investors Weigh In On Capital Bancorp
Institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in shares of Capital Bancorp during the third quarter valued at approximately $29,000. State of Alaska Department of Revenue grew its holdings in shares of Capital Bancorp by 135.1% during the fourth quarter. State of Alaska Department of Revenue now owns 1,580 shares of the financial services provider’s stock valued at $43,000 after buying an additional 908 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Capital Bancorp during the third quarter valued at approximately $61,000. Daytona Street Capital LLC purchased a new stake in shares of Capital Bancorp during the fourth quarter valued at approximately $72,000. Finally, Federated Hermes Inc. grew its holdings in shares of Capital Bancorp by 33.1% during the third quarter. Federated Hermes Inc. now owns 5,518 shares of the financial services provider’s stock valued at $176,000 after buying an additional 1,373 shares during the last quarter. Hedge funds and other institutional investors own 56.14% of the company’s stock.
Capital Bancorp Price Performance
Shares of CBNK opened at $30.65 on Friday. The stock has a market cap of $501.74 million, a PE ratio of 9.01 and a beta of 0.59. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.02 and a current ratio of 1.03. Capital Bancorp has a fifty-two week low of $25.10 and a fifty-two week high of $36.40. The firm’s 50-day simple moving average is $30.26 and its two-hundred day simple moving average is $29.49.
Capital Bancorp (NASDAQ:CBNK – Get Free Report) last announced its quarterly earnings data on Monday, January 26th. The financial services provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. The business had revenue of $62.74 million for the quarter, compared to analysts’ expectations of $60.62 million. Capital Bancorp had a net margin of 18.44% and a return on equity of 14.56%. Analysts anticipate that Capital Bancorp will post 3.17 earnings per share for the current fiscal year.
Capital Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Monday, February 9th were issued a dividend of $0.12 per share. The ex-dividend date was Monday, February 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.6%. Capital Bancorp’s dividend payout ratio is presently 14.12%.
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. The company offers a range of deposit products, including checking and savings, time, interest bearing and noninterest-bearing demand, and money market accounts, as well as certificates of deposit; and credit cards.