Praetorian Wealth Management Inc. Invests $205,000 in Capital Bancorp, Inc. (NASDAQ:CBNK)

Praetorian Wealth Management Inc. bought a new position in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,184 shares of the financial services provider’s stock, valued at approximately $205,000.

Several other hedge funds have also modified their holdings of the company. State Street Corp boosted its stake in shares of Capital Bancorp by 0.9% during the 3rd quarter. State Street Corp now owns 175,639 shares of the financial services provider’s stock worth $4,516,000 after acquiring an additional 1,526 shares in the last quarter. Martingale Asset Management L P raised its position in shares of Capital Bancorp by 10.1% during the 3rd quarter. Martingale Asset Management L P now owns 27,369 shares of the financial services provider’s stock worth $704,000 after purchasing an additional 2,511 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Capital Bancorp by 6.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 59,111 shares of the financial services provider’s stock worth $1,212,000 after purchasing an additional 3,331 shares during the last quarter. Empowered Funds LLC raised its position in shares of Capital Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 89,110 shares of the financial services provider’s stock worth $2,291,000 after purchasing an additional 4,422 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Capital Bancorp by 317.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 5,937 shares during the last quarter. 56.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Capital Bancorp

In other news, CFO Dominic C. Canuso acquired 1,000 shares of Capital Bancorp stock in a transaction dated Monday, November 4th. The shares were acquired at an average cost of $25.52 per share, for a total transaction of $25,520.00. Following the acquisition, the chief financial officer now owns 2,000 shares of the company’s stock, valued at $51,040. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Steven M. Poynot acquired 2,000 shares of Capital Bancorp stock in a transaction dated Friday, November 1st. The stock was purchased at an average price of $25.36 per share, for a total transaction of $50,720.00. Following the completion of the acquisition, the chief operating officer now directly owns 4,503 shares in the company, valued at approximately $114,196.08. This represents a 79.90 % increase in their position. The disclosure for this purchase can be found here. 32.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped their price target on shares of Capital Bancorp from $28.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Capital Bancorp Price Performance

Shares of CBNK traded down $0.59 during mid-day trading on Friday, hitting $26.96. 25,192 shares of the company were exchanged, compared to its average volume of 44,800. Capital Bancorp, Inc. has a 1-year low of $19.02 and a 1-year high of $31.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03. The company has a 50 day moving average of $28.62 and a 200-day moving average of $25.64. The stock has a market cap of $446.40 million, a price-to-earnings ratio of 11.57 and a beta of 0.51.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). The business had revenue of $59.25 million during the quarter. Capital Bancorp had a net margin of 14.49% and a return on equity of 12.66%. Analysts expect that Capital Bancorp, Inc. will post 2.37 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, November 4th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.40 annualized dividend and a yield of 1.48%. Capital Bancorp’s dividend payout ratio is presently 17.17%.

Capital Bancorp 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.