Capital Bancorp, Inc. (NASDAQ:CBNK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) have been assigned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $35.3333.

Several brokerages recently weighed in on CBNK. Weiss Ratings raised Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 4th. Keefe, Bruyette & Woods increased their target price on Capital Bancorp from $32.00 to $34.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th.

Capital Bancorp Trading Down 0.3%

Shares of Capital Bancorp stock opened at $31.47 on Friday. Capital Bancorp has a fifty-two week low of $26.40 and a fifty-two week high of $36.40. The firm has a market cap of $512.65 million, a PE ratio of 9.51 and a beta of 0.55. The business’s fifty day moving average is $30.61 and its two-hundred day moving average is $29.77. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.13.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.05). The business had revenue of $62.77 million for the quarter, compared to analysts’ expectations of $62.41 million. Capital Bancorp had a return on equity of 13.48% and a net margin of 17.48%. Analysts anticipate that Capital Bancorp will post 3.4 earnings per share for the current year.

Capital Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Monday, May 11th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, May 11th. Capital Bancorp’s dividend payout ratio (DPR) is 14.50%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of Capital Bancorp in the 3rd quarter worth $29,000. State of Alaska Department of Revenue raised its position in shares of Capital Bancorp by 135.1% in the 4th quarter. State of Alaska Department of Revenue now owns 1,580 shares of the financial services provider’s stock worth $43,000 after buying an additional 908 shares during the period. Aquatic Capital Management LLC purchased a new position in shares of Capital Bancorp in the 3rd quarter worth $61,000. Daytona Street Capital LLC purchased a new position in shares of Capital Bancorp in the 4th quarter worth $72,000. Finally, Federated Hermes Inc. raised its position in shares of Capital Bancorp by 33.1% in the 3rd quarter. Federated Hermes Inc. now owns 5,518 shares of the financial services provider’s stock worth $176,000 after buying an additional 1,373 shares during the period. 56.14% of the stock is owned by hedge funds and other institutional investors.

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.