Capital Bancorp (NASDAQ:CBNK) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Capital Bancorp, Inc. (NASDAQ:CBNK)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.65 and traded as high as $34.68. Capital Bancorp shares last traded at $34.62, with a volume of 40,536 shares trading hands.

Analyst Ratings Changes

CBNK has been the topic of a number of research analyst reports. 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. Keefe, Bruyette & Woods boosted their price objective 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 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, Capital Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $35.33.

Capital Bancorp Stock Up 1.7%

The business has a fifty day moving average price of $32.13 and a two-hundred day moving average price of $30.68. 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 company has a market cap of $573.57 million, a price-to-earnings ratio of 10.64 and a beta of 0.55.

Capital Bancorp (NASDAQ:CBNK) last released its earnings results 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 company had revenue of $62.77 million during 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%. On average, equities analysts predict that Capital Bancorp, Inc. will post 3.4 earnings per share 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 paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. Capital Bancorp’s dividend payout ratio is 14.50%.

Institutional Trading of Capital Bancorp

Institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in Capital Bancorp in the 3rd quarter worth about $29,000. State of Alaska Department of Revenue raised its stake in shares of Capital Bancorp by 135.1% during the 4th quarter. State of Alaska Department of Revenue now owns 1,580 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 908 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Capital Bancorp during the 3rd quarter valued at about $61,000. Daytona Street Capital LLC acquired a new stake in shares of Capital Bancorp during the 4th quarter valued at about $72,000. Finally, Franklin Resources Inc. bought a new stake in shares of Capital Bancorp in the 2nd quarter valued at approximately $201,000. Institutional investors and hedge funds own 56.14% of the company’s stock.

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.