Capital Bancorp, Inc. (NASDAQ:CBNK) Director Randall James Levitt Sells 14,500 Shares

Capital Bancorp, Inc. (NASDAQ:CBNK) Director Randall James Levitt sold 14,500 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.30, for a total transaction of $468,350.00. Following the completion of the sale, the director now directly owns 100,000 shares of the company’s stock, valued at $3,230,000. The trade was a 12.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Capital Bancorp Stock Performance

Capital Bancorp stock opened at $31.92 on Tuesday. The company has a market cap of $528.60 million, a PE ratio of 14.99 and a beta of 0.50. Capital Bancorp, Inc. has a 12 month low of $19.02 and a 12 month high of $32.47. The company has a fifty day moving average price of $29.41 and a two-hundred day moving average price of $26.95. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Capital Bancorp had a net margin of 12.66% and a return on equity of 14.89%. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Research analysts expect that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Capital Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Monday, February 10th. Capital Bancorp’s dividend payout ratio (DPR) is 18.78%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBNK. Fourthstone LLC lifted its stake in Capital Bancorp by 104.6% in the third quarter. Fourthstone LLC now owns 51,551 shares of the financial services provider’s stock valued at $1,325,000 after buying an additional 26,358 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Capital Bancorp by 31.3% in the 4th quarter. Wedge Capital Management L L P NC now owns 93,993 shares of the financial services provider’s stock worth $2,679,000 after acquiring an additional 22,381 shares during the period. Salzhauer Michael acquired a new stake in shares of Capital Bancorp in the 4th quarter worth about $490,000. Belvedere Trading LLC bought a new stake in Capital Bancorp in the 4th quarter valued at about $399,000. Finally, Renaissance Technologies LLC acquired a new position in Capital Bancorp during the 2nd quarter valued at about $256,000. Institutional investors and hedge funds own 56.14% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their price objective on Capital Bancorp from $32.00 to $35.00 and gave the company a “market perform” rating in a report on Friday.

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.