Capital Bancorp (NASDAQ:CBNK) Sees Large Volume Increase – Time to Buy?

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) saw unusually-strong trading volume on Monday . Approximately 35,396 shares traded hands during trading, a decline of 28% from the previous session’s volume of 49,359 shares.The stock last traded at $30.4850 and had previously closed at $31.15.

Wall Street Analyst Weigh In

CBNK has been the topic of several research analyst reports. Stephens cut their target price on shares of Capital Bancorp from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Capital Bancorp in a research report on Monday, December 29th. Keefe, Bruyette & Woods boosted their target price on Capital Bancorp from $31.00 to $32.00 and gave the company a “market perform” rating in a research report on Monday, February 2nd. Hovde Group dropped their price target on Capital Bancorp from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Finally, Zacks Research raised Capital Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.67.

Capital Bancorp Stock Performance

The firm has a market cap of $503.86 million, a P/E ratio of 8.97 and a beta of 0.66. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average is $30.00 and its two-hundred day moving average is $30.31.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings data on Monday, January 26th. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08. The firm had revenue of $62.74 million during the quarter, compared to the consensus estimate of $60.62 million. Capital Bancorp had a return on equity of 14.76% and a net margin of 18.44%. As a group, equities analysts predict that Capital Bancorp, Inc. will post 3.17 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Monday, February 9th will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, February 9th. This represents a $0.48 annualized dividend and a yield of 1.6%. Capital Bancorp’s dividend payout ratio (DPR) is 14.12%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its stake in shares of Capital Bancorp by 129.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 152,410 shares of the financial services provider’s stock worth $5,118,000 after buying an additional 86,062 shares during the last quarter. Kennedy Capital Management LLC boosted its position in Capital Bancorp by 28.6% in the third quarter. Kennedy Capital Management LLC now owns 261,712 shares of the financial services provider’s stock worth $8,349,000 after purchasing an additional 58,232 shares during the last quarter. Marshall Wace LLP bought a new position in Capital Bancorp in the 2nd quarter valued at $1,833,000. Militia Capital Partners LP purchased a new stake in shares of Capital Bancorp during the 4th quarter valued at $1,324,000. Finally, Geode Capital Management LLC raised its stake in shares of Capital Bancorp by 16.7% during the 2nd quarter. Geode Capital Management LLC now owns 282,690 shares of the financial services provider’s stock worth $9,495,000 after purchasing an additional 40,489 shares during the period. 56.14% of the stock is owned by institutional investors.

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. The company offers a range of deposit products, including checking and savings, time, interest bearing and noninterest-bearing demand, and money market accounts, as well as certificates of deposit; and credit cards.