Capital Bancorp, Inc. (NASDAQ:CBNK) Director Randall James Levitt Sells 14,500 Shares

Capital Bancorp, Inc. (NASDAQ:CBNK) Director Randall James Levitt sold 14,500 shares of Capital Bancorp stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.30, for a total value of $468,350.00. Following the completion of the transaction, the director now directly owns 100,000 shares in the company, valued at $3,230,000. This represents a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Capital Bancorp Trading Down 0.9 %

NASDAQ:CBNK opened at $31.92 on Tuesday. The business’s 50-day moving average is $29.41 and its two-hundred day moving average is $26.95. The firm has a market capitalization of $528.60 million, a PE ratio of 14.99 and a beta of 0.50. Capital Bancorp, Inc. has a 12 month low of $19.02 and a 12 month high of $32.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02.

Capital Bancorp (NASDAQ:CBNK) last announced its earnings results on Monday, January 27th. The financial services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.66 by $0.26. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.66%. During the same quarter in the prior year, the company posted $0.65 EPS. Research analysts predict that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.25%. Capital Bancorp’s payout ratio is currently 18.78%.

Institutional Investors Weigh In On Capital Bancorp

A number of large investors have recently added to or reduced their stakes in CBNK. Fourthstone LLC lifted its holdings in Capital Bancorp by 104.6% in the 3rd quarter. Fourthstone LLC now owns 51,551 shares of the financial services provider’s stock worth $1,325,000 after buying an additional 26,358 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Capital Bancorp by 31.3% in the fourth quarter. Wedge Capital Management L L P NC now owns 93,993 shares of the financial services provider’s stock worth $2,679,000 after acquiring an additional 22,381 shares in the last quarter. Salzhauer Michael purchased a new position in Capital Bancorp in the fourth quarter valued at about $490,000. Belvedere Trading LLC purchased a new position in Capital Bancorp in the fourth quarter valued at about $399,000. Finally, Renaissance Technologies LLC acquired a new stake in Capital Bancorp during the 2nd quarter valued at approximately $256,000. 56.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their price target on shares of Capital Bancorp from $32.00 to $35.00 and gave the company a “market perform” rating in a research report on Friday.

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.