Capital Bancorp Inc (NASDAQ:CBNK) was the target of a large decline in short interest in November. As of November 29th, there was short interest totalling 21,900 shares, a decline of 29.4% from the November 14th total of 31,000 shares. Based on an average daily volume of 14,900 shares, the short-interest ratio is currently 1.5 days. Currently, 0.3% of the company’s stock are short sold.
Separately, ValuEngine raised Capital Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th.
In other Capital Bancorp news, Director Michael Joseph Burke sold 4,000 shares of Capital Bancorp stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $14.70, for a total transaction of $58,800.00. Insiders own 39.37% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its position in shares of Capital Bancorp by 299.7% in the 2nd quarter. Acadian Asset Management LLC now owns 6,487 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 4,864 shares in the last quarter. Rhumbline Advisers increased its position in Capital Bancorp by 10.1% during the 3rd quarter. Rhumbline Advisers now owns 11,108 shares of the financial services provider’s stock valued at $151,000 after buying an additional 1,022 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Capital Bancorp by 31.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,489 shares of the financial services provider’s stock valued at $203,000 after buying an additional 3,969 shares in the last quarter. First Trust Advisors LP acquired a new position in Capital Bancorp during the 3rd quarter valued at about $259,000. Finally, Northern Trust Corp increased its position in Capital Bancorp by 5.0% during the 2nd quarter. Northern Trust Corp now owns 64,394 shares of the financial services provider’s stock valued at $792,000 after buying an additional 3,053 shares in the last quarter. 22.79% of the stock is owned by hedge funds and other institutional investors.
Shares of CBNK traded down $0.23 during trading hours on Wednesday, hitting $14.15. The company had a trading volume of 24,500 shares, compared to its average volume of 12,947. The company has a market capitalization of $199.27 million, a PE ratio of 13.87 and a beta of 0.66. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.40. Capital Bancorp has a one year low of $10.21 and a one year high of $15.07. The company’s fifty day moving average price is $14.37 and its two-hundred day moving average price is $12.96.
Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The firm had revenue of $25.41 million during the quarter. Capital Bancorp had a return on equity of 12.65% and a net margin of 15.32%.
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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