Capital Bancorp (NASDAQ:CBNK) Stock Bumped Down to “Equal Weight” by Stephens

Capital Bancorp (NASDAQ:CBNK) was downgraded by stock analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Friday, MarketBeat.com reports.

CBNK has been the subject of several other research reports. Raymond James Financial started coverage on Capital Bancorp in a research note on Thursday, September 3rd. They issued a “market perform” rating for the company. Weiss Ratings raised Capital Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday. Keefe, Bruyette & Woods lifted their price objective on Capital Bancorp from $35.00 to $40.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. Hovde Group cut Capital Bancorp from a “strong-buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a report on Thursday, October 1st. Finally, Brean Capital cut Capital Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 30th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.67.

Capital Bancorp Trading Up 0.4%

NASDAQ CBNK traded up $0.16 on Friday, reaching $39.59. The company had a trading volume of 144,444 shares, compared to its average volume of 184,620. The firm has a market cap of $644.92 million, a price-to-earnings ratio of 11.64 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 business has a 50 day moving average of $37.25 and a two-hundred day moving average of $34.65. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.03 and a quick ratio of 1.03.

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

Institutional Trading of Capital Bancorp

A number of institutional investors have recently bought and sold shares of CBNK. BlackRock Inc. bought a new position in shares of Capital Bancorp in the 2nd quarter worth about $27,625,000. Ategra Capital Management LLC bought a new stake in shares of Capital Bancorp during the 2nd quarter valued at about $8,122,000. Empowered Funds LLC bought a new stake in shares of Capital Bancorp during the 2nd quarter valued at about $3,664,000. Sei Investments Co. grew its stake in Capital Bancorp by 104.1% during the first quarter. Sei Investments Co. now owns 167,222 shares of the financial services provider’s stock worth $4,973,000 after purchasing an additional 85,293 shares during the period. Finally, De Lisle Partners LLP acquired a new stake in Capital Bancorp during the second quarter worth approximately $2,667,000. Institutional investors own 56.14% of the company’s stock.

Capital Bancorp Company Profile

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

Capital Bank offers a range of deposit products, commercial and residential real estate lending, business loans, lines of credit, equipment financing, treasury management and other cash-management services. The company also provides mortgage banking services, including residential mortgage origination, and serves small businesses through lending and related financial solutions.

Capital Bancorp primarily serves customers in the Washington, DC, metropolitan area, including Maryland, Virginia and the District of Columbia.