Capital Bancorp (NASDAQ:CBNK) Shares Gap Down – Time to Sell?

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) gapped down prior to trading on Friday . The stock had previously closed at $32.08, but opened at $31.06. Capital Bancorp shares last traded at $31.94, with a volume of 5,133 shares trading hands.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their price objective on Capital Bancorp from $32.00 to $35.00 and gave the company a “market perform” rating in a research report on Friday, February 7th.

Capital Bancorp Stock Performance

The firm has a market capitalization of $530.58 million, a PE ratio of 15.04 and a beta of 0.50. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.23. The business’s 50 day simple moving average is $29.51 and its two-hundred day simple moving average is $27.03.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 EPS for the quarter, topping 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 period last year, the business posted $0.65 earnings per share. Research analysts expect that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.25%. Capital Bancorp’s dividend payout ratio (DPR) is 18.78%.

Insider Transactions at Capital Bancorp

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.30, for a total transaction of $468,350.00. Following the completion of the transaction, the director now owns 100,000 shares of the company’s stock, valued at $3,230,000. This represents a 12.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 32.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Picton Mahoney Asset Management raised its position in Capital Bancorp by 123.0% in the 4th quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 626 shares during the period. Federated Hermes Inc. increased its position in shares of Capital Bancorp by 194.7% during the fourth quarter. Federated Hermes Inc. now owns 3,528 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 2,331 shares during the period. SG Americas Securities LLC purchased a new position in shares of Capital Bancorp during the fourth quarter worth approximately $109,000. Wells Fargo & Company MN increased its position in shares of Capital Bancorp by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider’s stock worth $154,000 after acquiring an additional 1,177 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Capital Bancorp by 317.1% during the third quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 5,937 shares during the period. Institutional investors own 56.14% of the company’s stock.

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.