Capital Bancorp, Inc. (NASDAQ:CBNK) CFO Dominic C. Canuso Acquires 1,000 Shares of Stock

Capital Bancorp, Inc. (NASDAQ:CBNK) CFO Dominic C. Canuso acquired 1,000 shares of the stock in a transaction dated Monday, November 4th. The stock was purchased at an average cost of $25.52 per share, with a total value of $25,520.00. Following the purchase, the chief financial officer now directly owns 2,000 shares of the company’s stock, valued at $51,040. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Capital Bancorp Price Performance

Capital Bancorp stock opened at $25.26 on Tuesday. The firm has a market cap of $351.44 million, a P/E ratio of 10.84 and a beta of 0.47. The stock’s 50 day moving average is $25.10 and its 200 day moving average is $22.73. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.00. Capital Bancorp, Inc. has a one year low of $19.02 and a one year high of $26.20.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). The business had revenue of $59.25 million during the quarter. Capital Bancorp had a net margin of 14.49% and a return on equity of 12.90%. As a group, research analysts expect that Capital Bancorp, Inc. will post 2.59 EPS for the current year.

Capital Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, November 4th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Monday, November 4th. Capital Bancorp’s dividend payout ratio is presently 17.17%.

Institutional Investors Weigh In On Capital Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacific Ridge Capital Partners LLC boosted its position in shares of Capital Bancorp by 14.3% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 208,364 shares of the financial services provider’s stock worth $4,271,000 after purchasing an additional 26,091 shares in the last quarter. Kendall Capital Management acquired a new stake in Capital Bancorp in the second quarter valued at approximately $1,664,000. Acadian Asset Management LLC grew its stake in Capital Bancorp by 11.9% in the first quarter. Acadian Asset Management LLC now owns 55,567 shares of the financial services provider’s stock valued at $1,155,000 after acquiring an additional 5,893 shares during the period. Wealthspire Advisors LLC bought a new stake in shares of Capital Bancorp during the second quarter valued at approximately $1,577,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Capital Bancorp during the second quarter worth approximately $304,000. 56.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CBNK. Hovde Group boosted their target price on shares of Capital Bancorp from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods boosted their price objective on shares of Capital Bancorp from $25.00 to $27.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 23rd.

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.