Elizabeth Park Capital Advisors Ltd. Sells 55,078 Shares of Capital Bancorp, Inc. $CBNK

Elizabeth Park Capital Advisors Ltd. cut its position in Capital Bancorp, Inc. (NASDAQ:CBNK) by 47.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,224 shares of the financial services provider’s stock after selling 55,078 shares during the quarter. Elizabeth Park Capital Advisors Ltd. owned 0.36% of Capital Bancorp worth $1,697,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its stake in shares of Capital Bancorp by 129.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 152,410 shares of the financial services provider’s stock valued at $5,118,000 after buying an additional 86,062 shares during the period. Kennedy Capital Management LLC increased its stake in shares of 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 valued at $8,349,000 after buying an additional 58,232 shares during the period. Marshall Wace LLP acquired a new stake in shares of Capital Bancorp in the second quarter valued at about $1,833,000. Militia Capital Partners LP acquired a new stake in shares of Capital Bancorp in the fourth quarter valued at about $1,324,000. Finally, CenterBook Partners LP acquired a new stake in Capital Bancorp during the third quarter worth approximately $1,182,000. 56.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CBNK has been the topic of several recent research reports. Weiss Ratings upgraded Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 4th. Keefe, Bruyette & Woods increased their price target on Capital Bancorp from $32.00 to $34.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.33.

Capital Bancorp Stock Performance

Shares of Capital Bancorp stock opened at $33.17 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $540.34 million, a P/E ratio of 10.02 and a beta of 0.55. Capital Bancorp, Inc. has a 12 month low of $26.40 and a 12 month high of $36.40. The business’s fifty day simple moving average is $31.78 and its 200 day simple moving average is $30.41.

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

Capital Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 11th were given a $0.12 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. Capital Bancorp’s payout ratio is 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.