Capital Bancorp (NASDAQ:CBNK) CFO Dominic Canuso Sells 3,400 Shares of Stock

Capital Bancorp, Inc. (NASDAQ:CBNK) CFO Dominic Canuso sold 3,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $27.95, for a total value of $95,030.00. Following the transaction, the chief financial officer owned 1,434 shares of the company’s stock, valued at approximately $40,080.30. This represents a 70.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Capital Bancorp Stock Down 0.1%

CBNK stock traded down $0.04 during midday trading on Friday, hitting $27.66. The company’s stock had a trading volume of 16,823 shares, compared to its average volume of 57,684. The company has a market cap of $456.97 million, a PE ratio of 9.41 and a beta of 0.72. The firm’s 50-day moving average is $30.41 and its 200-day moving average is $32.05. Capital Bancorp, Inc. has a 12 month low of $24.69 and a 12 month high of $36.40. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09.

Capital Bancorp (NASDAQ:CBNK) last announced its earnings results on Tuesday, November 12th. The financial services provider reported $0.70 earnings per share for the quarter. Capital Bancorp had a net margin of 16.41% and a return on equity of 15.40%. The business had revenue of $21.01 million during the quarter. On average, equities research analysts forecast that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.7%. Capital Bancorp’s dividend payout ratio (DPR) is 16.33%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Capital Bancorp during the first quarter worth about $2,816,000. Invesco Ltd. acquired a new position in Capital Bancorp during the 1st quarter valued at about $2,494,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Capital Bancorp by 129.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 152,410 shares of the financial services provider’s stock worth $5,118,000 after purchasing an additional 86,062 shares in the last quarter. Seizert Capital Partners LLC acquired a new stake in shares of Capital Bancorp in the 1st quarter worth approximately $1,840,000. Finally, American Century Companies Inc. boosted its stake in Capital Bancorp by 75.1% during the first quarter. American Century Companies Inc. now owns 149,662 shares of the financial services provider’s stock valued at $4,240,000 after buying an additional 64,213 shares in the last quarter. Institutional investors and hedge funds own 56.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Capital Bancorp in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods reduced their price objective on shares of Capital Bancorp from $33.00 to $31.00 and set a “market perform” rating for the company in a research report on Monday. Zacks Research cut shares of Capital Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Stephens dropped their price target on shares of Capital Bancorp from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Wall Street Zen cut shares of Capital Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $34.33.

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.