Capital Bancorp, Inc. (NASDAQ:CBNK) Stock Position Reduced by Kendall Capital Management

Kendall Capital Management decreased its stake in Capital Bancorp, Inc. (NASDAQ:CBNK) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,040 shares of the financial services provider’s stock after selling 8,100 shares during the period. Kendall Capital Management owned 0.37% of Capital Bancorp worth $1,768,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. State Street Corp increased its position 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 valued at $4,516,000 after purchasing an additional 1,526 shares during the period. Wedge Capital Management L L P NC boosted its position 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 buying an additional 22,381 shares during the period. Empowered Funds LLC boosted its position in Capital Bancorp by 0.4% during the fourth quarter. Empowered Funds LLC now owns 89,479 shares of the financial services provider’s stock valued at $2,550,000 after purchasing an additional 369 shares during the last quarter. Wealthspire Advisors LLC boosted its position in Capital Bancorp by 1.5% during the fourth quarter. Wealthspire Advisors LLC now owns 78,172 shares of the financial services provider’s stock valued at $2,228,000 after purchasing an additional 1,130 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Capital Bancorp by 17.5% in the fourth quarter. Bank of New York Mellon Corp now owns 61,699 shares of the financial services provider’s stock worth $1,758,000 after buying an additional 9,173 shares during the last quarter. Institutional investors own 56.14% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at Capital Bancorp

In related news, Director Randall James Levitt sold 14,500 shares of Capital Bancorp stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.30, for a total transaction of $468,350.00. Following the completion of the sale, the director now directly owns 100,000 shares of the company’s stock, valued at approximately $3,230,000. This trade represents a 12.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 32.50% of the company’s stock.

Capital Bancorp Stock Down 0.5 %

NASDAQ:CBNK opened at $28.40 on Friday. The stock’s fifty day moving average price is $29.87 and its two-hundred day moving average price is $27.81. Capital Bancorp, Inc. has a 52-week low of $19.02 and a 52-week high of $32.88. 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 market cap of $470.25 million, a price-to-earnings ratio of 13.33 and a beta of 0.54.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Capital Bancorp had a net margin of 12.66% and a return on equity of 14.89%. During the same period in the previous year, the company posted $0.65 earnings per share. On average, analysts anticipate that Capital Bancorp, Inc. will post 3.17 EPS for the current year.

Capital Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. Capital Bancorp’s dividend payout ratio is 18.78%.

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.