Capital Bancorp, Inc. (NASDAQ:CBNK) Short Interest Update

Capital Bancorp, Inc. (NASDAQ:CBNK) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totalling 174,100 shares, an increase of 19.5% from the April 15th total of 145,700 shares. Based on an average daily volume of 21,000 shares, the days-to-cover ratio is currently 8.3 days. Approximately 2.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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

Capital Bancorp Price Performance

Shares of NASDAQ:CBNK traded up $0.12 on Thursday, reaching $20.69. 2,932 shares of the company traded hands, compared to its average volume of 21,030. The stock has a market capitalization of $287.38 million, a PE ratio of 8.79 and a beta of 0.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02. The company’s 50 day moving average is $20.12 and its 200-day moving average is $21.27. Capital Bancorp has a fifty-two week low of $15.90 and a fifty-two week high of $25.00.

Capital Bancorp (NASDAQ:CBNK) last announced its earnings results on Monday, April 22nd. The financial services provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $40.98 million for the quarter, compared to analysts’ expectations of $40.02 million. Capital Bancorp had a net margin of 15.35% and a return on equity of 13.36%. As a group, analysts anticipate that Capital Bancorp will post 2.27 earnings per share for the current fiscal year.

Capital Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 6th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, May 3rd. Capital Bancorp’s dividend payout ratio (DPR) is currently 13.68%.

Institutional Investors Weigh In On Capital Bancorp

Large investors have recently made changes to their positions in the company. Kennedy Capital Management LLC lifted its stake in Capital Bancorp by 3.7% in the 1st quarter. Kennedy Capital Management LLC now owns 38,210 shares of the financial services provider’s stock worth $796,000 after acquiring an additional 1,361 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Capital Bancorp in the first quarter worth approximately $26,000. Acadian Asset Management LLC boosted its holdings in shares of Capital Bancorp by 11.9% during the first quarter. Acadian Asset Management LLC now owns 55,567 shares of the financial services provider’s stock worth $1,155,000 after purchasing an additional 5,893 shares during the period. Vanguard Group Inc. grew its position 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 valued at $9,103,000 after purchasing an additional 4,019 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Capital Bancorp by 3.5% during the first 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 in the last quarter. Institutional investors and hedge funds own 56.14% of the company’s stock.

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.