AJOVista LLC Makes New $33,000 Investment in Capital Bancorp, Inc. (NASDAQ:CBNK)

AJOVista LLC acquired a new position in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,354 shares of the financial services provider’s stock, valued at approximately $33,000.

Several other institutional investors also recently bought and sold shares of CBNK. Ballast Asset Management LP purchased a new position in shares of Capital Bancorp in the 3rd quarter valued at $2,397,000. Wedge Capital Management L L P NC increased its holdings in shares of Capital Bancorp by 35.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 111,328 shares of the financial services provider’s stock valued at $2,694,000 after acquiring an additional 29,147 shares during the period. SG Americas Securities LLC purchased a new position in shares of Capital Bancorp in the 4th quarter valued at $125,000. Finally, New York State Common Retirement Fund increased its holdings in shares of Capital Bancorp by 28.6% in the 4th quarter. New York State Common Retirement Fund now owns 3,185 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 708 shares during the period. 56.14% of the stock is currently owned by hedge funds and other institutional investors.

Capital Bancorp Stock Up 0.8 %

Shares of CBNK stock opened at $20.15 on Tuesday. Capital Bancorp, Inc. has a 1-year low of $15.55 and a 1-year high of $25.00. The stock’s fifty day moving average price is $20.11 and its 200 day moving average price is $21.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $279.88 million, a price-to-earnings ratio of 8.61 and a beta of 0.44.

Capital Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, May 6th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, May 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.59%. Capital Bancorp’s dividend payout ratio is currently 13.68%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CBNK. Stephens upgraded Capital Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $25.00 to $28.00 in a report on Monday, April 1st. Hovde Group cut their price target on Capital Bancorp from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Tuesday, April 23rd. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $25.00 target price on shares of Capital Bancorp in a research note on Monday, April 1st.

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.