Simplex Trading LLC Takes Position in Capital Bancorp, Inc. $CBNK

Simplex Trading LLC purchased a new stake in Capital Bancorp, Inc. (NASDAQ:CBNK) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,430 shares of the financial services provider’s stock, valued at approximately $283,000.

Other hedge funds have also bought and sold shares of the company. American Century Companies Inc. boosted its holdings in Capital Bancorp by 75.1% in the 1st quarter. American Century Companies Inc. now owns 149,662 shares of the financial services provider’s stock valued at $4,240,000 after purchasing an additional 64,213 shares during the period. Elizabeth Park Capital Advisors Ltd. increased its holdings in shares of Capital Bancorp by 21.3% during the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 125,213 shares of the financial services provider’s stock worth $3,547,000 after purchasing an additional 21,948 shares during the period. Russell Investments Group Ltd. raised its position in shares of Capital Bancorp by 6.7% in the first quarter. Russell Investments Group Ltd. now owns 114,276 shares of the financial services provider’s stock valued at $3,237,000 after buying an additional 7,157 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Capital Bancorp in the first quarter valued at approximately $2,816,000. Finally, Gator Capital Management LLC boosted its stake in shares of Capital Bancorp by 155.6% in the first quarter. Gator Capital Management LLC now owns 88,925 shares of the financial services provider’s stock valued at $2,519,000 after buying an additional 54,129 shares during the period. 56.14% of the stock is owned by institutional investors.

Insider Activity at Capital Bancorp

In other Capital Bancorp news, CFO Dominic C. Canuso sold 3,400 shares of the firm’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 sale, the chief financial officer owned 1,434 shares in the company, valued at $40,080.30. This trade represents a 70.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Randall James Levitt sold 37,338 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $34.37, for a total transaction of $1,283,307.06. Following the sale, the director directly owned 60,000 shares in the company, valued at approximately $2,062,200. The trade was a 38.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 43,400 shares of company stock worth $1,469,936 over the last ninety days. 31.59% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on CBNK. Weiss Ratings restated a “buy (b-)” rating on shares of Capital Bancorp in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods reduced their target price on Capital Bancorp from $33.00 to $31.00 and set a “market perform” rating on the stock in a report on Monday. Wall Street Zen cut Capital Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Hovde Group cut their price objective on shares of Capital Bancorp from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Finally, Zacks Research downgraded shares of Capital Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $34.33.

Capital Bancorp Price Performance

Capital Bancorp stock opened at $27.70 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.02. Capital Bancorp, Inc. has a 52 week low of $24.69 and a 52 week high of $36.40. The stock has a market capitalization of $459.38 million, a P/E ratio of 9.42 and a beta of 0.72. The stock has a fifty day moving average of $30.41 and a 200-day moving average of $32.05.

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

Capital Bancorp Dividend Announcement

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

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.