Capital Bancorp (NASDAQ:CBNK) Sees Strong Trading Volume – Time to Buy?

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) saw unusually-strong trading volume on Friday . Approximately 85,427 shares traded hands during mid-day trading, an increase of 68% from the previous session’s volume of 50,837 shares.The stock last traded at $31.67 and had previously closed at $32.22.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their price objective 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 Stock Down 3.6 %

The firm has a market cap of $514.29 million, a P/E ratio of 14.58 and a beta of 0.50. The business has a fifty day moving average of $29.76 and a 200 day moving average of $27.39. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.23.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings results 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 period last year, the business posted $0.65 earnings per share. On average, equities research analysts predict that Capital Bancorp, Inc. will post 3.17 EPS for the current year.

Capital Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Monday, February 10th. Capital Bancorp’s dividend payout ratio (DPR) is presently 18.78%.

Insider Buying and Selling at Capital Bancorp

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 100,000 shares of the company’s stock, valued at $3,230,000. This represents a 12.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 32.50% of the company’s stock.

Institutional Investors Weigh In On Capital Bancorp

Several large investors have recently made changes to their positions in CBNK. Picton Mahoney Asset Management raised its position in Capital Bancorp by 123.0% during the fourth quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 626 shares in the last quarter. Federated Hermes Inc. increased its position in Capital Bancorp by 194.7% during the fourth quarter. Federated Hermes Inc. now owns 3,528 shares of the financial services provider’s stock worth $101,000 after buying an additional 2,331 shares during the last quarter. SG Americas Securities LLC bought a new stake in Capital Bancorp in the fourth quarter valued at approximately $109,000. Wells Fargo & Company MN lifted its position in shares of Capital Bancorp by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider’s stock valued at $154,000 after buying an additional 1,177 shares during the last quarter. Finally, Praetorian Wealth Management Inc. acquired a new position in shares of Capital Bancorp during the 4th quarter worth approximately $205,000. Institutional investors and hedge funds 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.