Capital Bancorp, Inc. (NASDAQ:CBNK) COO Steven M. Poynot Purchases 2,000 Shares

Capital Bancorp, Inc. (NASDAQ:CBNK) COO Steven M. Poynot purchased 2,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average price of $25.36 per share, with a total value of $50,720.00. Following the completion of the acquisition, the chief operating officer now owns 4,503 shares in the company, valued at $114,196.08. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Capital Bancorp Stock Performance

Capital Bancorp stock opened at $29.39 on Thursday. Capital Bancorp, Inc. has a 52 week low of $19.02 and a 52 week high of $29.48. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.05. The stock has a market cap of $408.81 million, a P/E ratio of 12.61 and a beta of 0.47. The stock has a 50 day moving average of $25.20 and a 200-day moving average of $22.87.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02). The company had revenue of $59.25 million during the quarter. Capital Bancorp had a net margin of 14.49% and a return on equity of 12.90%. On average, analysts expect that Capital Bancorp, Inc. will post 2.47 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, November 4th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Monday, November 4th. Capital Bancorp’s dividend payout ratio is currently 17.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CBNK shares. Hovde Group raised their price target on shares of Capital Bancorp from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods upped their price objective on shares of Capital Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a research report on Tuesday, July 23rd.

Institutional Trading of Capital Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of CBNK. Pacific Ridge Capital Partners LLC raised its position in shares of Capital Bancorp by 14.3% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 208,364 shares of the financial services provider’s stock valued at $4,271,000 after acquiring an additional 26,091 shares in the last quarter. Kendall Capital Management bought a new position in shares of Capital Bancorp in the 2nd quarter worth about $1,664,000. Acadian Asset Management LLC boosted its holdings in shares of Capital Bancorp by 11.9% in the 1st quarter. Acadian Asset Management LLC now owns 55,567 shares of the financial services provider’s stock valued at $1,155,000 after buying an additional 5,893 shares during the period. Wealthspire Advisors LLC bought a new stake in shares of Capital Bancorp during the 2nd quarter valued at about $1,577,000. Finally, Squarepoint Ops LLC acquired a new stake in Capital Bancorp during the second quarter worth about $304,000. Institutional investors and hedge funds own 56.14% of the company’s stock.

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.