Capital Bancorp (NASDAQ:CBNK) Shares Gap Down – What’s Next?

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) gapped down before the market opened on Friday . The stock had previously closed at $32.08, but opened at $31.06. Capital Bancorp shares last traded at $31.94, with a volume of 5,133 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped their target price on shares of Capital Bancorp from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Friday, February 7th.

Capital Bancorp Trading Down 0.7 %

The stock has a 50-day moving average of $29.61 and a two-hundred day moving average of $27.13. The company has a market cap of $527.77 million, a P/E ratio of 14.96 and a beta of 0.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.26. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.66%. During the same quarter in the prior year, the firm earned $0.65 earnings per share. On average, equities research analysts predict that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Capital Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.26%. Capital Bancorp’s dividend payout ratio is presently 18.78%.

Insider Activity at Capital Bancorp

In related news, Director Randall James Levitt sold 14,500 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.30, for a total transaction of $468,350.00. Following the sale, the director now directly owns 100,000 shares of the company’s stock, valued at $3,230,000. This trade represents a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 32.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Capital Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of CBNK. Comerica Bank grew its stake in shares of Capital Bancorp by 30.0% in the fourth quarter. Comerica Bank now owns 33,398 shares of the financial services provider’s stock worth $952,000 after acquiring an additional 7,707 shares during the period. Northern Trust Corp raised its stake in Capital Bancorp by 12.9% during the 4th quarter. Northern Trust Corp now owns 89,869 shares of the financial services provider’s stock valued at $2,561,000 after buying an additional 10,245 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Capital Bancorp by 6.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 263,623 shares of the financial services provider’s stock valued at $7,513,000 after buying an additional 16,957 shares during the period. First Trust Advisors LP purchased a new position in shares of Capital Bancorp in the 4th quarter worth $285,000. Finally, Salzhauer Michael bought a new stake in shares of Capital Bancorp in the fourth quarter worth $490,000. Institutional investors own 56.14% of the company’s stock.

Capital Bancorp Company Profile

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.