Capital Bancorp Inc (NASDAQ:CBNK) has been assigned a consensus broker rating score of 1.75 (Buy) from the four brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company.
Analysts have set a 1-year consensus price target of $14.63 for the company, according to Zacks. Zacks has also assigned Capital Bancorp an industry rank of 206 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of Capital Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th.
Several hedge funds and other institutional investors have recently modified their holdings of CBNK. Alliancebernstein L.P. purchased a new position in shares of Capital Bancorp in the third quarter valued at approximately $1,908,000. Maltese Capital Management LLC purchased a new position in Capital Bancorp in the third quarter worth approximately $3,116,000. Vanguard Group Inc. purchased a new position in Capital Bancorp in the third quarter worth approximately $382,000. Vanguard Group Inc purchased a new position in Capital Bancorp in the third quarter worth approximately $382,000. Finally, Southside Capital LLC purchased a new position in Capital Bancorp in the fourth quarter worth approximately $540,000. Institutional investors and hedge funds own 20.89% of the company’s stock.
Capital Bancorp stock opened at $11.17 on Wednesday. The firm has a market capitalization of $153.14 million and a PE ratio of 10.95. Capital Bancorp has a fifty-two week low of $10.21 and a fifty-two week high of $14.28. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.15.
Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings results on Friday, February 8th. The financial services provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $18.36 million during the quarter. As a group, sell-side analysts anticipate that Capital Bancorp will post 1.09 earnings per share for the current year.
About Capital Bancorp
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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