Capital Bancorp, Inc. (NASDAQ:CBNK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Capital Bancorp, Inc. (NASDAQ:CBNK) has earned an average rating of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $35.3333.

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Capital Bancorp from $32.00 to $34.00 and gave the company a “market perform” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded shares of Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 4th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new stake in Capital Bancorp during the third quarter worth about $29,000. State of Alaska Department of Revenue increased its holdings in Capital Bancorp by 135.1% during the fourth quarter. State of Alaska Department of Revenue now owns 1,580 shares of the financial services provider’s stock worth $43,000 after buying an additional 908 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in Capital Bancorp during the third quarter worth about $61,000. Daytona Street Capital LLC purchased a new stake in Capital Bancorp during the fourth quarter worth about $72,000. Finally, Federated Hermes Inc. increased its holdings in Capital Bancorp by 33.1% during the third quarter. Federated Hermes Inc. now owns 5,518 shares of the financial services provider’s stock worth $176,000 after buying an additional 1,373 shares during the last quarter. Hedge funds and other institutional investors own 56.14% of the company’s stock.

Capital Bancorp Price Performance

CBNK opened at $31.92 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $519.98 million, a price-to-earnings ratio of 9.64 and a beta of 0.55. The firm’s fifty day moving average price is $30.91 and its two-hundred day moving average price is $29.90. Capital Bancorp has a 1 year low of $26.40 and a 1 year high of $36.40.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.05). The firm had revenue of $62.77 million for the quarter, compared to analysts’ expectations of $62.41 million. Capital Bancorp had a return on equity of 13.48% and a net margin of 17.48%. As a group, analysts anticipate that Capital Bancorp will post 3.4 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.48 annualized dividend and a yield of 1.5%. Capital Bancorp’s payout ratio is currently 14.50%.

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. 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.