Harbor Advisors LLC Invests $328,000 in Capital Bancorp, Inc. (NASDAQ:CBNK)

Harbor Advisors LLC acquired a new position in Capital Bancorp, Inc. (NASDAQ:CBNK) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,517 shares of the financial services provider’s stock, valued at approximately $328,000.

Several other institutional investors have also recently made changes to their positions in the stock. American Century Companies Inc. raised its stake in shares of Capital Bancorp by 79.1% in the fourth quarter. American Century Companies Inc. now owns 85,449 shares of the financial services provider’s stock worth $2,435,000 after buying an additional 37,746 shares during the period. Picton Mahoney Asset Management raised its stake in shares of Capital Bancorp by 123.0% in the fourth quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider’s stock worth $32,000 after buying an additional 626 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Capital Bancorp by 91.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,537 shares of the financial services provider’s stock worth $585,000 after buying an additional 9,798 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Capital Bancorp by 10.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,845 shares of the financial services provider’s stock worth $794,000 after buying an additional 2,604 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Capital Bancorp by 17.5% during the 4th quarter. Bank of New York Mellon Corp now owns 61,699 shares of the financial services provider’s stock valued at $1,758,000 after purchasing an additional 9,173 shares during the period. Institutional investors own 56.14% of the company’s stock.

Insider Buying and Selling

In related news, Director Randall James Levitt sold 14,500 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $32.30, for a total value of $468,350.00. Following the sale, the director now owns 100,000 shares in the company, valued at approximately $3,230,000. The trade was a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 32.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CBNK has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price target on Capital Bancorp from $32.00 to $35.00 and gave the stock a “market perform” rating in a report on Friday, February 7th. Hovde Group lowered their target price on shares of Capital Bancorp from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, March 17th.

Capital Bancorp Trading Down 1.0 %

Shares of Capital Bancorp stock opened at $28.60 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The firm has a market cap of $476.30 million, a price-to-earnings ratio of 13.43 and a beta of 0.54. Capital Bancorp, Inc. has a twelve month low of $19.02 and a twelve month high of $32.88. The business has a 50-day moving average price of $29.96 and a 200-day moving average price of $28.02.

Capital Bancorp (NASDAQ:CBNK) last released 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 previous year, the firm posted $0.65 earnings per share. Equities research analysts anticipate that Capital Bancorp, Inc. will post 3.17 EPS for the current fiscal year.

Capital Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.40%. The ex-dividend date was Monday, February 10th. Capital Bancorp’s dividend payout ratio is presently 18.78%.

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.