Capital Bancorp (CBNK) Upgraded to Outperform by Hovde Group

Hovde Group upgraded shares of Capital Bancorp (NASDAQ:CBNK) from a market perform rating to an outperform rating in a research report sent to investors on Monday, Marketbeat Ratings reports.

A number of other research analysts have also issued reports on the stock. Sandler O’Neill assumed coverage on shares of Capital Bancorp in a report on Tuesday, October 23rd. They issued a buy rating and a $14.50 target price on the stock. Stephens assumed coverage on shares of Capital Bancorp in a report on Monday, October 22nd. They issued an overweight rating and a $14.00 target price on the stock. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Capital Bancorp in a report on Sunday, October 21st. They issued an outperform rating and a $16.00 target price on the stock.

NASDAQ:CBNK opened at $11.69 on Monday. Capital Bancorp has a 12-month low of $11.00 and a 12-month high of $13.19.

In other news, EVP Eric M. Suss sold 7,000 shares of the stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $11.69, for a total transaction of $81,830.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edward F. Barry sold 3,000 shares of the stock in a transaction dated Wednesday, September 26th. The stock was sold at an average price of $11.69, for a total transaction of $35,070.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,800 shares of company stock worth $593,852.

An institutional investor recently bought a new position in Capital Bancorp stock. Victory Capital Management Inc. acquired a new position in shares of Capital Bancorp (NASDAQ:CBNK) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,000 shares of the financial services provider’s stock, valued at approximately $127,000. Victory Capital Management Inc. owned 0.08% of Capital Bancorp at the end of the most recent reporting period.

Capital Bancorp Company Profile

Capital Bancorp, Inc operates as a bank holding company of Capital Bank N.A., which offers personal and commercial banking services. The company was formerly known as Hcnb Bancorp, Inc and changed its name to Capital Bancorp, Inc in May 2004. The company was incorporated in 1998 and is based in Rockville, Maryland.

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