Capital Bancorp Inc (NASDAQ:CBNK) has earned an average broker rating score of 1.75 (Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company.
Brokers 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 202 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut shares of Capital Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday.
Shares of NASDAQ:CBNK traded down $0.03 during midday trading on Thursday, hitting $12.71. 23,603 shares of the stock traded hands, compared to its average volume of 12,851. The stock has a market cap of $174.79 million and a PE ratio of 12.46. The stock’s 50 day simple moving average is $12.14. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.09 and a quick ratio of 1.07. Capital Bancorp has a one year low of $10.21 and a one year high of $14.28.
Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The firm had revenue of $22.46 million during the quarter. Capital Bancorp had a net margin of 15.19% and a return on equity of 12.34%. Sell-side analysts expect that Capital Bancorp will post 1.08 earnings per share for the current year.
In related news, Director Randall James Levitt sold 15,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $11.90, for a total transaction of $178,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kathy Yamada sold 4,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $11.89, for a total transaction of $47,560.00. The disclosure for this sale can be found here. 39.37% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Capital Bancorp in the fourth quarter worth about $3,405,000. Pacific Ridge Capital Partners LLC grew its holdings in Capital Bancorp by 30.7% in the first quarter. Pacific Ridge Capital Partners LLC now owns 189,552 shares of the financial services provider’s stock worth $2,203,000 after purchasing an additional 44,509 shares during the period. Planning Solutions Group LLC purchased a new stake in Capital Bancorp in the first quarter worth about $683,000. Northern Trust Corp purchased a new stake in Capital Bancorp in the fourth quarter worth about $641,000. Finally, Geode Capital Management LLC purchased a new stake in Capital Bancorp in the fourth quarter worth about $247,000. Institutional investors and hedge funds own 21.95% of the company’s stock.
About Capital Bancorp
Capital Bancorp, Inc operates as the bank holding company for Capital Bank, N.A. that provides various commercial banking products and services to businesses, not-for-profit associations, and entrepreneurs in the United States. The company offers a range of deposit products and services, including various checking and savings accounts, certificates of deposit, money market accounts, debit cards, remote deposit capture services, online and mobile banking services, e-statements, and bank-by-mail and direct deposit services, as well as business accounts, and cash and treasury management services.
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