Capital Bancorp (NASDAQ:CBNK) Shares Gap Down – Time to Sell?

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) gapped down before the market opened on Friday . The stock had previously closed at $32.08, but opened at $31.06. Capital Bancorp shares last traded at $31.94, with a volume of 5,133 shares trading hands.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of Capital Bancorp from $32.00 to $35.00 and gave the company a “market perform” rating in a report on Friday, February 7th.

Capital Bancorp Trading Down 0.1 %

The company has a market capitalization of $530.58 million, a PE ratio of 15.04 and a beta of 0.50. The company’s fifty day moving average is $29.51 and its 200-day moving average is $27.03. 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 earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $0.65 earnings per share. On average, analysts anticipate that Capital Bancorp, Inc. will post 3.17 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

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

Insider Buying and Selling at Capital Bancorp

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $32.30, for a total value of $468,350.00. Following the completion of the sale, the director now directly owns 100,000 shares in the company, valued at $3,230,000. This trade represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 32.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Capital Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in CBNK. Empowered Funds LLC lifted its stake in shares of Capital Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 89,110 shares of the financial services provider’s stock worth $2,291,000 after buying an additional 4,422 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Capital Bancorp during the third quarter valued at $276,000. BNP Paribas Financial Markets lifted its position in Capital Bancorp by 317.1% during the third quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider’s stock valued at $201,000 after purchasing an additional 5,937 shares during the period. Fourthstone LLC lifted its position in Capital Bancorp by 104.6% during the third quarter. Fourthstone LLC now owns 51,551 shares of the financial services provider’s stock valued at $1,325,000 after purchasing an additional 26,358 shares during the period. Finally, Martingale Asset Management L P lifted its position in Capital Bancorp by 10.1% during the third quarter. Martingale Asset Management L P now owns 27,369 shares of the financial services provider’s stock valued at $704,000 after purchasing an additional 2,511 shares during the period. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Capital Bancorp Company Profile

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.