Capital Bancorp, Inc. (NASDAQ:CBNK) Stock Now Rated “Hold” by Sell-Side Brokerages

Capital Bancorp, Inc. (NASDAQ:CBNK) has received a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $39.67.

Several equities analysts have recently commented on the stock. Hovde Group downgraded shares of Capital Bancorp from a “strong-buy” rating to a “hold” rating and set a $42.00 price objective for the company. in a research note on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of Capital Bancorp in a report on Friday, September 25th. Keefe, Bruyette & Woods upped their price target on Capital Bancorp from $35.00 to $40.00 and gave the company a “market perform” rating in a research report on Monday, August 3rd. Raymond James Financial started coverage on Capital Bancorp in a report on Thursday, September 3rd. They issued a “market perform” rating for the company. Finally, Brean Capital lowered Capital Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Gator Capital Management LLC boosted its stake in shares of Capital Bancorp by 0.7% during the 4th quarter. Gator Capital Management LLC now owns 90,170 shares of the financial services provider’s stock valued at $2,540,000 after purchasing an additional 655 shares in the last quarter. Kennedy Capital Management LLC lifted its holdings in Capital Bancorp by 0.3% in the fourth quarter. Kennedy Capital Management LLC now owns 262,462 shares of the financial services provider’s stock worth $7,394,000 after buying an additional 750 shares during the period. Legal & General Group Plc bought a new stake in Capital Bancorp during the 2nd quarter valued at approximately $37,000. Bank of America Corp DE grew its holdings in shares of Capital Bancorp by 13.0% during the 1st quarter. Bank of America Corp DE now owns 22,334 shares of the financial services provider’s stock worth $664,000 after acquiring an additional 2,570 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Capital Bancorp during the 2nd quarter worth approximately $297,000. 56.14% of the stock is currently owned by institutional investors.

Capital Bancorp Stock Performance

Shares of CBNK stock opened at $40.45 on Monday. The company has a market capitalization of $658.93 million, a P/E ratio of 11.90 and a beta of 0.52. Capital Bancorp has a fifty-two week low of $26.40 and a fifty-two week high of $40.70. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50 day moving average price of $36.93 and a two-hundred day moving average price of $33.94.

Capital Bancorp (NASDAQ:CBNK) last issued its earnings results on Monday, July 27th. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.82 by $0.05. The company had revenue of $65.29 million for the quarter, compared to the consensus estimate of $66.54 million. Capital Bancorp had a net margin of 17.47% and a return on equity of 13.14%. Analysts expect that Capital Bancorp will post 3.47 earnings per share for the current year.

Capital Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 10th were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, August 10th. This is a positive change from Capital Bancorp’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. Capital Bancorp’s payout ratio is 16.47%.

About Capital Bancorp

Capital Bancorp, Inc is a bank holding company headquartered in Rockville, Maryland. Through its principal subsidiary, Capital Bank, N.A., the company provides commercial and consumer banking services to individuals, businesses, nonprofit organizations, and government contractors.

Capital Bank offers deposit accounts, commercial and residential real estate lending, commercial and industrial loans, small business financing, treasury management, mortgage lending, and other banking services.