Capital Bancorp (NASDAQ:CBNK) Stock Keeps Equal Weight Rating at Stephens

Capital Bancorp (NASDAQ:CBNK)‘s stock had its “equal weight” rating reaffirmed by research analysts at Stephens in a research note issued on Friday, Benzinga reports.

A number of other research analysts have also weighed in on CBNK. Brean Capital lowered shares of Capital Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 30th. Weiss Ratings raised Capital Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday. Raymond James Financial started coverage on Capital Bancorp in a research note on Thursday, September 3rd. They issued a “market perform” rating on the stock. 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. Finally, Hovde Group cut Capital Bancorp from a “strong-buy” rating to a “hold” rating and set a $42.00 price objective for the company. in a research report on Thursday, October 1st. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $39.67.

Capital Bancorp Stock Performance

Shares of Capital Bancorp stock traded down $0.02 on Friday, reaching $39.41. The stock had a trading volume of 70,972 shares, compared to its average volume of 73,082. 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 business’s 50-day moving average price is $37.22 and its two-hundred day moving average price is $34.62. The stock has a market cap of $641.97 million, a P/E ratio of 11.59 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.

Capital Bancorp (NASDAQ:CBNK) last posted its earnings results on Monday, July 27th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $66.54 million. On average, sell-side analysts forecast that Capital Bancorp will post 3.47 EPS for the current year.

Hedge Funds Weigh In On Capital Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc acquired a new stake in Capital Bancorp during the 2nd quarter valued at $37,000. Bank of America Corp DE raised its position in Capital Bancorp by 13.0% in the 1st quarter. Bank of America Corp DE now owns 22,334 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 2,570 shares during the last quarter. Cassilly Financial Group LLC acquired a new position in Capital Bancorp in the third quarter worth $206,000. GSA Capital Partners LLP acquired a new position in Capital Bancorp in the second quarter worth $297,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Capital Bancorp in the second quarter worth $310,000. Institutional investors own 56.14% of the company’s stock.

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 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.