Empowered Funds LLC Acquires 4,422 Shares of Capital Bancorp, Inc. (NASDAQ:CBNK)

Empowered Funds LLC lifted its holdings in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,110 shares of the financial services provider’s stock after purchasing an additional 4,422 shares during the period. Empowered Funds LLC owned 0.64% of Capital Bancorp worth $2,291,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Capital Bancorp by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 437,034 shares of the financial services provider’s stock valued at $9,103,000 after purchasing an additional 4,019 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Capital Bancorp by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 227,234 shares of the financial services provider’s stock valued at $4,658,000 after purchasing an additional 9,461 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its stake in 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 worth $4,271,000 after buying an additional 26,091 shares during the period. Russell Investments Group Ltd. raised its stake in Capital Bancorp by 3.5% during the 1st quarter. Russell Investments Group Ltd. now owns 101,302 shares of the financial services provider’s stock worth $2,110,000 after buying an additional 3,454 shares during the period. Finally, Kendall Capital Management acquired a new position in Capital Bancorp during the 2nd quarter worth approximately $1,664,000. Institutional investors own 56.14% of the company’s stock.

Capital Bancorp Stock Up 0.9 %

CBNK stock opened at $27.61 on Wednesday. The company has a market cap of $457.22 million, a P/E ratio of 11.85 and a beta of 0.47. Capital Bancorp, Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $29.59. The stock’s 50 day simple moving average is $25.73 and its 200 day simple moving average is $23.42. 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 issued its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.66 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 return on equity of 12.66% and a net margin of 14.49%. On average, research analysts expect that Capital Bancorp, Inc. will post 2.37 earnings per share for the current fiscal year.

Capital Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, November 4th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Monday, November 4th. Capital Bancorp’s dividend payout ratio (DPR) is presently 17.17%.

Analyst Ratings Changes

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

Insider Transactions at Capital Bancorp

In other Capital Bancorp news, CFO Dominic C. Canuso purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average cost of $25.52 per share, with a total value of $25,520.00. Following the completion of the transaction, the chief financial officer now owns 2,000 shares of the company’s stock, valued at $51,040. The trade was a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Steven M. Poynot purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average cost of $25.36 per share, with a total value of $50,720.00. Following the completion of the transaction, the chief operating officer now directly owns 4,503 shares of the company’s stock, valued at $114,196.08. The trade was a 79.90 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 32.50% 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.