56,017 Shares in Capital Bancorp, Inc. $CBNK Purchased by Man Group plc

Man Group plc acquired a new position in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 56,017 shares of the financial services provider’s stock, valued at approximately $1,967,000.

A number of other large investors also recently made changes to their positions in the company. Boston Partners lifted its holdings in Capital Bancorp by 1.8% during the 3rd quarter. Boston Partners now owns 25,974 shares of the financial services provider’s stock worth $829,000 after purchasing an additional 457 shares during the last quarter. Creative Planning boosted its position in shares of Capital Bancorp by 2.3% in the third quarter. Creative Planning now owns 21,018 shares of the financial services provider’s stock valued at $670,000 after acquiring an additional 482 shares during the period. First Trust Advisors LP increased its position in Capital Bancorp by 6.4% during the second quarter. First Trust Advisors LP now owns 10,571 shares of the financial services provider’s stock worth $355,000 after acquiring an additional 632 shares during the period. Gator Capital Management LLC raised its stake in Capital Bancorp by 0.7% in the 4th quarter. Gator Capital Management LLC now owns 90,170 shares of the financial services provider’s stock worth $2,540,000 after purchasing an additional 655 shares in the last quarter. Finally, Kennedy Capital Management LLC boosted its holdings in Capital Bancorp by 0.3% in the 4th quarter. Kennedy Capital Management LLC now owns 262,462 shares of the financial services provider’s stock valued at $7,394,000 after purchasing an additional 750 shares during the period. Institutional investors own 56.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Capital Bancorp in a research report on Tuesday, June 30th. Keefe, Bruyette & Woods upped their price objective on shares of Capital Bancorp from $35.00 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $37.33.

Capital Bancorp Price Performance

Capital Bancorp stock opened at $35.95 on Wednesday. The stock has a 50-day moving average price of $36.31 and a two-hundred day moving average price of $32.91. Capital Bancorp, Inc. has a 12 month low of $26.40 and a 12 month high of $38.83. The company has a market capitalization of $585.63 million, a PE ratio of 10.57 and a beta of 0.51. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.12.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.05. The company had revenue of $65.29 million during the quarter, compared to the consensus estimate of $66.54 million. Capital Bancorp had a return on equity of 13.14% and a net margin of 17.47%. Analysts expect that Capital Bancorp, Inc. will post 3.43 EPS for the current year.

Capital Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 10th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, August 10th. This is a boost from Capital Bancorp’s previous quarterly dividend of $0.12. Capital Bancorp’s dividend payout ratio (DPR) is presently 16.47%.

Capital Bancorp 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.