Capital Bancorp (CBNK) Lowered to Hold at Sandler O’Neill

Sandler O’Neill lowered shares of Capital Bancorp (NASDAQ:CBNK) from a buy rating to a hold rating in a report released on Tuesday, MarketBeat.com reports. They currently have $14.00 price target on the financial services provider’s stock.

Other research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods assumed coverage on Capital Bancorp in a research note on Sunday, October 21st. They set an outperform rating and a $16.00 target price on the stock. Stephens assumed coverage on Capital Bancorp in a research note on Monday, October 22nd. They set an overweight rating and a $14.00 target price on the stock. Finally, Hovde Group raised Capital Bancorp from a market perform rating to an outperform rating in a research note on Monday, November 5th.

CBNK opened at $13.50 on Tuesday. Capital Bancorp has a one year low of $11.00 and a one year high of $14.28.

Capital Bancorp (NASDAQ:CBNK) last released its earnings results on Thursday, October 25th. The financial services provider reported $0.26 EPS for the quarter. The business had revenue of $18.73 million for the quarter. On average, equities analysts predict that Capital Bancorp will post 1 earnings per share for the current year.

In related news, insider Scot Richard Browning sold 40,800 shares of the stock in a transaction that occurred on Wednesday, September 26th. The stock was sold at an average price of $11.69, for a total value of $476,952.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Randall James Levitt acquired 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 26th. The stock was purchased at an average cost of $12.50 per share, for a total transaction of $187,500.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 50,800 shares of company stock worth $593,852. Insiders own 11.60% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. EJF Capital LLC bought a new position in Capital Bancorp in the third quarter worth approximately $5,311,000. Emerald Mutual Fund Advisers Trust bought a new position in Capital Bancorp in the third quarter worth approximately $3,816,000. Maltese Capital Management LLC bought a new position in Capital Bancorp in the third quarter worth approximately $3,116,000. Alliancebernstein L.P. bought a new position in Capital Bancorp in the third quarter worth approximately $1,908,000. Finally, Pacific Ridge Capital Partners LLC bought a new position in Capital Bancorp in the third quarter worth approximately $1,828,000. 16.00% of the stock is currently owned by institutional investors.

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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