De Lisle Partners LLP Takes Position in Capital Bancorp, Inc. $CBNK

De Lisle Partners LLP purchased a new position in Capital Bancorp, Inc. (NASDAQ:CBNK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 75,893 shares of the financial services provider’s stock, valued at approximately $2,667,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Militia Capital Management LLC bought a new position in Capital Bancorp in the first quarter worth about $1,398,000. Wedge Capital Management L L P NC boosted its holdings in shares of Capital Bancorp by 51.1% in the 2nd quarter. Wedge Capital Management L L P NC now owns 86,703 shares of the financial services provider’s stock valued at $3,045,000 after buying an additional 29,325 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Capital Bancorp by 104.1% in the 1st quarter. Sei Investments Co. now owns 167,222 shares of the financial services provider’s stock valued at $4,973,000 after buying an additional 85,293 shares in the last quarter. Ackerman Asset Management LLC purchased a new position in shares of Capital Bancorp in the 2nd quarter worth approximately $933,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Capital Bancorp by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 355,466 shares of the financial services provider’s stock worth $10,571,000 after buying an additional 17,264 shares during the last quarter. Institutional investors own 56.14% of the company’s stock.

Capital Bancorp Price Performance

Shares of NASDAQ CBNK opened at $36.53 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $595.07 million, a PE ratio of 10.74 and a beta of 0.52. The business has a 50-day simple moving average of $35.91 and a two-hundred day simple moving average of $32.70. Capital Bancorp, Inc. has a fifty-two week low of $26.40 and a fifty-two week high of $38.83.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. Capital Bancorp had a return on equity of 13.14% and a net margin of 17.47%.The business had revenue of $65.29 million for the quarter, compared to analyst estimates of $66.54 million. As a group, equities analysts expect that Capital Bancorp, Inc. will post 3.43 EPS for the current fiscal year.

Capital Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, August 10th will be paid a $0.14 dividend. This is a boost from Capital Bancorp’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, August 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. Capital Bancorp’s dividend payout ratio (DPR) is 16.47%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CBNK. Weiss Ratings reissued a “buy (b)” rating on shares of Capital Bancorp in a research report on Tuesday, June 30th. Keefe, Bruyette & Woods lifted their price target on shares of Capital Bancorp from $35.00 to $40.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.33.

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. 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.