Kendall Capital Management Has $1.77 Million Holdings in Capital Bancorp, Inc. (NASDAQ:CBNK)

Kendall Capital Management cut its holdings in Capital Bancorp, Inc. (NASDAQ:CBNK) by 11.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 62,040 shares of the financial services provider’s stock after selling 8,100 shares during the quarter. Kendall Capital Management’s holdings in Capital Bancorp were worth $1,768,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Barclays PLC boosted its stake in Capital Bancorp by 297.3% in the third quarter. Barclays PLC now owns 11,918 shares of the financial services provider’s stock valued at $306,000 after buying an additional 8,918 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Capital Bancorp by 317.1% in the third quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider’s stock valued at $201,000 after buying an additional 5,937 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Capital Bancorp by 31.3% in the fourth quarter. Wedge Capital Management L L P NC now owns 93,993 shares of the financial services provider’s stock valued at $2,679,000 after buying an additional 22,381 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Capital Bancorp by 68.0% during the third quarter. JPMorgan Chase & Co. now owns 19,458 shares of the financial services provider’s stock valued at $500,000 after purchasing an additional 7,879 shares in the last quarter. Finally, Belvedere Trading LLC acquired a new stake in shares of Capital Bancorp during the fourth quarter valued at about $399,000. 56.14% of the stock is owned by institutional investors and hedge funds.

Capital Bancorp Price Performance

Shares of CBNK opened at $28.40 on Friday. Capital Bancorp, Inc. has a 1 year low of $19.02 and a 1 year high of $32.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02. The company has a market capitalization of $470.25 million, a price-to-earnings ratio of 13.33 and a beta of 0.54. The business has a 50-day moving average of $29.87 and a 200-day moving average of $27.81.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.66%. During the same quarter in the prior year, the business earned $0.65 earnings per share. As a group, equities research analysts anticipate that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Capital Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were given a dividend of $0.10 per share. The ex-dividend date was Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. Capital Bancorp’s dividend payout ratio (DPR) is 18.78%.

Insider Transactions at Capital Bancorp

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of Capital Bancorp stock in a transaction that occurred on Friday, February 7th. The stock was 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 approximately $3,230,000. The trade was a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 32.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Capital Bancorp 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.