7,184 Shares in Capital Bancorp, Inc. (NASDAQ:CBNK) Bought by Praetorian Wealth Management Inc.

Praetorian Wealth Management Inc. purchased a new position in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,184 shares of the financial services provider’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its holdings in shares of Capital Bancorp by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 59,111 shares of the financial services provider’s stock valued at $1,212,000 after acquiring an additional 3,331 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Capital Bancorp by 32.0% in the second quarter. Acadian Asset Management LLC now owns 73,351 shares of the financial services provider’s stock valued at $1,502,000 after acquiring an additional 17,784 shares in the last quarter. Wealthspire Advisors LLC purchased a new stake in shares of Capital Bancorp in the second quarter valued at about $1,577,000. Dimensional Fund Advisors LP boosted its holdings in shares of Capital Bancorp by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 227,234 shares of the financial services provider’s stock valued at $4,658,000 after acquiring an additional 9,461 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Capital Bancorp in the second quarter valued at about $256,000. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Capital Bancorp Price Performance

CBNK stock traded down $0.59 during trading on Friday, reaching $26.96. 25,192 shares of the company were exchanged, compared to its average volume of 44,800. The company has a market cap of $446.40 million, a P/E ratio of 11.57 and a beta of 0.51. Capital Bancorp, Inc. has a 52-week low of $19.02 and a 52-week high of $31.22. The stock’s 50 day moving average price is $28.62 and its 200 day moving average price is $25.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). The company had revenue of $59.25 million for the quarter. Capital Bancorp had a return on equity of 12.66% and a net margin of 14.49%. As a group, analysts predict that Capital Bancorp, Inc. will post 2.37 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, November 4th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Monday, November 4th. Capital Bancorp’s dividend payout ratio is currently 17.17%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their target price on shares of Capital Bancorp from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Insider Buying and Selling

In other Capital Bancorp news, CFO Dominic C. Canuso purchased 1,000 shares of Capital Bancorp stock in a transaction on Monday, November 4th. The shares were bought at an average price of $25.52 per share, with a total value of $25,520.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,000 shares of the company’s stock, valued at approximately $51,040. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Steven M. Poynot acquired 2,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was purchased at an average cost of $25.36 per share, with a total value of $50,720.00. Following the transaction, the chief operating officer now owns 4,503 shares of the company’s stock, valued at approximately $114,196.08. The trade was a 79.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 32.50% of the stock is owned by insiders.

About Capital Bancorp

Capital Bancorp, Inc operates as the bank holding company for Capital Bank, N.A. that provides various banking products and services to businesses, not-for-profit associations, and entrepreneurs in Maryland, Virginia, and the District of Columbia. It operates through Commercial Banking, Capital Bank Home Loans, and OpenSky segments.