AJOVista LLC Purchases Shares of 1,354 Capital Bancorp, Inc. (NASDAQ:CBNK)

AJOVista LLC acquired a new stake in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) during the fourth quarter, Holdings Channel reports. The firm acquired 1,354 shares of the financial services provider’s stock, valued at approximately $33,000.

A number of other large investors have also recently added to or reduced their stakes in the business. New York State Common Retirement Fund boosted its holdings in Capital Bancorp by 28.6% during the fourth quarter. New York State Common Retirement Fund now owns 3,185 shares of the financial services provider’s stock worth $77,000 after buying an additional 708 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Capital Bancorp by 35.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 111,328 shares of the financial services provider’s stock worth $2,694,000 after purchasing an additional 29,147 shares during the period. SG Americas Securities LLC acquired a new position in Capital Bancorp in the 4th quarter worth approximately $125,000. Finally, Ballast Asset Management LP acquired a new position in Capital Bancorp in the 3rd quarter worth approximately $2,397,000. 56.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CBNK shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $25.00 price objective on shares of Capital Bancorp in a research note on Monday, April 1st. Hovde Group cut their target price on shares of Capital Bancorp from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Tuesday, April 23rd. Finally, Stephens upgraded shares of Capital Bancorp from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $25.00 to $28.00 in a research report on Monday, April 1st.

Capital Bancorp Stock Up 0.8 %

Capital Bancorp stock opened at $20.15 on Tuesday. The company has a market capitalization of $279.88 million, a P/E ratio of 8.61 and a beta of 0.44. The firm’s fifty day simple moving average is $20.11 and its 200-day simple moving average is $21.25. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.19. Capital Bancorp, Inc. has a 1-year low of $15.55 and a 1-year high of $25.00.

Capital Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 6th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.59%. Capital Bancorp’s dividend payout ratio is currently 13.68%.

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.