47,000 Shares in Capital Bancorp, Inc. $CBNK Bought by Militia Capital Partners LP

Militia Capital Partners LP acquired a new stake in Capital Bancorp, Inc. (NASDAQ:CBNK) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 47,000 shares of the financial services provider’s stock, valued at approximately $1,324,000.

Other hedge funds also recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in Capital Bancorp in the 3rd quarter valued at $29,000. State of Alaska Department of Revenue grew its position in Capital Bancorp by 135.1% in the 4th quarter. State of Alaska Department of Revenue now owns 1,580 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 908 shares during the last quarter. Aquatic Capital Management LLC bought a new position in Capital Bancorp in the 3rd quarter valued at $61,000. Daytona Street Capital LLC bought a new position in Capital Bancorp in the 4th quarter valued at $72,000. Finally, Franklin Resources Inc. bought a new position in Capital Bancorp in the 2nd quarter valued at $201,000. Institutional investors own 56.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CBNK. Keefe, Bruyette & Woods upped their price objective on Capital Bancorp from $32.00 to $34.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Weiss Ratings upgraded Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Capital Bancorp has an average rating of “Moderate Buy” and a consensus target price of $35.33.

Capital Bancorp Price Performance

Shares of CBNK stock opened at $33.37 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $543.60 million, a price-to-earnings ratio of 10.08 and a beta of 0.55. Capital Bancorp, Inc. has a twelve month low of $26.40 and a twelve month high of $36.40. The stock has a fifty day simple moving average of $31.72 and a two-hundred day simple moving average of $30.37.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.05). The company had revenue of $62.77 million for the quarter, compared to analysts’ expectations of $62.41 million. Capital Bancorp had a return on equity of 13.48% and a net margin of 17.48%. On average, analysts predict that Capital Bancorp, Inc. will post 3.4 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 11th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, May 11th. Capital Bancorp’s dividend payout ratio is 14.50%.

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. The company offers a range of deposit products, including checking and savings, time, interest bearing and noninterest-bearing demand, and money market accounts, as well as certificates of deposit; and credit cards.