56,017 Shares in Capital Bancorp, Inc. $CBNK Bought by Man Group plc

Man Group plc bought a new position in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 56,017 shares of the financial services provider’s stock, valued at approximately $1,967,000. Man Group plc owned about 0.34% of Capital Bancorp at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in Capital Bancorp during the third quarter valued at approximately $29,000. Legal & General Group Plc acquired a new stake in Capital Bancorp during the 2nd quarter worth $37,000. Aquatic Capital Management LLC bought a new position in Capital Bancorp during the third quarter worth about $61,000. Franklin Resources Inc. acquired a new position in Capital Bancorp in the second quarter valued at about $201,000. Finally, HRT Financial LP bought a new stake in shares of Capital Bancorp in the fourth quarter worth about $205,000. 56.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CBNK. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital Bancorp in a research report on Tuesday, June 30th. Keefe, Bruyette & Woods upped their price target on shares of Capital Bancorp from $35.00 to $40.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $37.33.

Capital Bancorp Trading Down 0.5%

NASDAQ:CBNK opened at $35.95 on Wednesday. The company has a market cap of $585.63 million, a P/E ratio of 10.57 and a beta of 0.51. Capital Bancorp, Inc. has a twelve month low of $26.40 and a twelve month high of $38.83. The business has a 50 day moving average price of $36.31 and a two-hundred day moving average price of $32.91. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.12.

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

Capital Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 10th were given a dividend of $0.14 per share. This is a boost from Capital Bancorp’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.56 annualized dividend and a yield of 1.6%. Capital Bancorp’s payout ratio is presently 16.47%.

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. 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.