Capital Bancorp, Inc. (NASDAQ:CBNK) Stock Holdings Lowered by Ballast Asset Management LP

Ballast Asset Management LP lowered its position in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,345 shares of the financial services provider’s stock after selling 6,948 shares during the period. Capital Bancorp comprises about 2.8% of Ballast Asset Management LP’s investment portfolio, making the stock its 9th biggest holding. Ballast Asset Management LP owned approximately 1.15% of Capital Bancorp worth $5,425,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CBNK. Empowered Funds LLC increased its stake in shares of 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 in the last quarter. Picton Mahoney Asset Management increased its position in Capital Bancorp by 123.0% during the 4th quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider’s stock valued at $32,000 after buying an additional 626 shares in the last quarter. Rhumbline Advisers raised its stake in Capital Bancorp by 5.9% during the fourth quarter. Rhumbline Advisers now owns 15,407 shares of the financial services provider’s stock valued at $439,000 after buying an additional 854 shares during the last quarter. Wealthspire Advisors LLC boosted its holdings in Capital Bancorp by 1.5% in the fourth quarter. Wealthspire Advisors LLC now owns 78,172 shares of the financial services provider’s stock worth $2,228,000 after acquiring an additional 1,130 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Capital Bancorp by 0.9% in the third 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 during the last quarter. Institutional investors own 56.14% of the company’s stock.

Insider Buying and Selling at Capital Bancorp

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of the company’s 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 sale, 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 sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 32.50% of the company’s stock.

Capital Bancorp Stock Up 0.9 %

CBNK opened at $28.33 on Tuesday. The stock has a market capitalization of $471.81 million, a price-to-earnings ratio of 13.30 and a beta of 0.54. The firm has a 50 day moving average price of $30.02 and a 200-day moving average price of $28.21. Capital Bancorp, Inc. has a twelve month low of $19.02 and a twelve month high of $32.88. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.23.

Capital Bancorp (NASDAQ:CBNK) last announced its earnings results on Monday, January 27th. The financial services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates 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 in the previous year, the company posted $0.65 EPS. Equities research analysts forecast that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Capital Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.41%. The ex-dividend date was Monday, February 10th. Capital Bancorp’s payout ratio is currently 18.78%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CBNK shares. Hovde Group decreased their price objective on shares of Capital Bancorp from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 17th. Keefe, Bruyette & Woods boosted their price target 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.

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.