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

Capital Bancorp, Inc. (NASDAQ:CBNK) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $37.3333.

Several research analysts have weighed in on CBNK shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital Bancorp in a research report on Tuesday, June 30th. Keefe, Bruyette & Woods lifted their price target on Capital Bancorp from $35.00 to $40.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. Finally, Raymond James Financial began coverage on Capital Bancorp in a research note on Thursday, September 3rd. They issued a “market perform” rating for the company.

Capital Bancorp Trading Down 1.0%

Shares of NASDAQ:CBNK opened at $36.00 on Thursday. The firm has a fifty day moving average of $36.49 and a two-hundred day moving average of $33.12. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.12. Capital Bancorp has a 12-month low of $26.40 and a 12-month high of $38.83. The firm has a market capitalization of $586.44 million, a P/E ratio of 10.59 and a beta of 0.51.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. Capital Bancorp had a net margin of 17.47% and a return on equity of 13.14%. The business had revenue of $65.29 million for the quarter, compared to the consensus estimate of $66.54 million. On average, equities analysts expect that Capital Bancorp will post 3.46 EPS for the current fiscal year.

Capital Bancorp Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Advisory Services Network LLC acquired a new stake in shares of Capital Bancorp in the 3rd quarter valued at $29,000. Legal & General Group Plc acquired a new position in Capital Bancorp during the second quarter worth $37,000. Aquatic Capital Management LLC bought a new position in Capital Bancorp during the third quarter valued at about $61,000. California State Teachers Retirement System raised its holdings in Capital Bancorp by 754.3% during the second quarter. California State Teachers Retirement System now owns 5,408 shares of the financial services provider’s stock valued at $190,000 after buying an additional 4,775 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in Capital Bancorp during the second quarter valued at about $201,000. Institutional investors and hedge funds own 56.14% of the company’s stock.

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.