Zacks: Capital Bancorp Inc (CBNK) Receives Average Rating of “Buy” from Brokerages

Capital Bancorp Inc (NASDAQ:CBNK) has received a consensus broker rating score of 1.75 (Buy) from the four brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company.

Analysts have set a one year consensus target price of $14.63 for the company, according to Zacks. Zacks has also given Capital Bancorp an industry rank of 107 out of 256 based on the ratings given to related companies.

Several brokerages have recently weighed in on CBNK. Hovde Group raised Capital Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, November 5th. Sandler O’Neill began coverage on Capital Bancorp in a research report on Tuesday, October 23rd. They set a “buy” rating and a $14.50 target price on the stock. Stephens began coverage on Capital Bancorp in a research report on Monday, October 22nd. They set an “overweight” rating and a $14.00 target price on the stock. Finally, Keefe, Bruyette & Woods began coverage on Capital Bancorp in a research report on Sunday, October 21st. They set an “outperform” rating and a $16.00 target price on the stock.

CBNK stock opened at $11.83 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.09 and a quick ratio of 1.07. Capital Bancorp has a 1 year low of $10.21 and a 1 year high of $14.28.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $18.73 million during the quarter. Analysts anticipate that Capital Bancorp will post 1 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc acquired a new stake in shares of Capital Bancorp during the 3rd quarter worth about $382,000. Vanguard Group Inc. acquired a new stake in shares of Capital Bancorp during the 3rd quarter worth about $382,000. Maltese Capital Management LLC acquired a new stake in shares of Capital Bancorp during the 3rd quarter worth about $3,116,000. Pacific Ridge Capital Partners LLC purchased a new position in Capital Bancorp during the 3rd quarter worth approximately $1,828,000. Finally, EJF Capital LLC purchased a new position in Capital Bancorp during the 3rd quarter worth approximately $5,311,000. 16.00% of the stock is currently owned by institutional investors and hedge funds.

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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