Capital Bancorp (NASDAQ:CBNK) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Capital Bancorp (NASDAQ:CBNK) had its target price boosted by equities researchers at Keefe, Bruyette & Woods from $32.00 to $35.00 in a report issued on Friday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 9.06% from the stock’s previous close.

Capital Bancorp Price Performance

CBNK stock traded up $0.01 on Friday, reaching $32.09. The company had a trading volume of 8,351 shares, compared to its average volume of 44,583. 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 has a 1 year low of $19.02 and a 1 year high of $32.24. The company’s fifty day moving average is $29.30 and its 200 day moving average is $26.82. The company has a market cap of $531.43 million, a P/E ratio of 15.01 and a beta of 0.50.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its holdings in Capital Bancorp by 10.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 27,845 shares of the financial services provider’s stock worth $794,000 after acquiring an additional 2,604 shares during the period. Bank of New York Mellon Corp increased its holdings 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 worth $1,758,000 after purchasing an additional 9,173 shares during the last quarter. Wealthspire Advisors LLC raised its position in shares of Capital Bancorp by 1.5% in the 4th quarter. Wealthspire Advisors LLC now owns 78,172 shares of the financial services provider’s stock valued at $2,228,000 after purchasing an additional 1,130 shares in the last quarter. Belvedere Trading LLC bought a new stake in shares of Capital Bancorp in the fourth quarter worth $399,000. Finally, Rhumbline Advisers raised its holdings in Capital Bancorp by 5.9% in the fourth quarter. Rhumbline Advisers now owns 15,407 shares of the financial services provider’s stock valued at $439,000 after acquiring an additional 854 shares in the last quarter. 56.14% of the stock is owned by institutional investors and hedge funds.

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.