Capital Bancorp, Inc. $CBNK Stock Holdings Decreased by Maltese Capital Management LLC

Maltese Capital Management LLC lessened its stake in Capital Bancorp, Inc. (NASDAQ:CBNK) by 27.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 87,829 shares of the financial services provider’s stock after selling 33,347 shares during the quarter. Maltese Capital Management LLC’s holdings in Capital Bancorp were worth $2,474,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Alliancebernstein L.P. increased its holdings in Capital Bancorp by 1.2% in the second quarter. Alliancebernstein L.P. now owns 622,483 shares of the financial services provider’s stock valued at $20,903,000 after buying an additional 7,510 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Capital Bancorp by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 340,712 shares of the financial services provider’s stock worth $9,600,000 after buying an additional 5,016 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Capital Bancorp by 5.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 338,202 shares of the financial services provider’s stock worth $9,527,000 after acquiring an additional 18,049 shares in the last quarter. Kennedy Capital Management LLC grew its position in shares of Capital Bancorp by 0.3% in the 4th quarter. Kennedy Capital Management LLC now owns 262,462 shares of the financial services provider’s stock worth $7,394,000 after acquiring an additional 750 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Capital Bancorp by 1.5% in the 2nd quarter. Bridgeway Capital Management LLC now owns 159,727 shares of the financial services provider’s stock valued at $5,364,000 after acquiring an additional 2,376 shares during the last quarter. Institutional investors own 56.14% of the company’s stock.

Capital Bancorp Trading Down 2.4%

Capital Bancorp stock opened at $33.24 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $31.66 and a two-hundred day moving average price of $30.34. The firm has a market capitalization of $541.48 million, a price-to-earnings ratio of 10.04 and a beta of 0.55. Capital Bancorp, Inc. has a 52-week low of $26.40 and a 52-week high of $36.40.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.05). Capital Bancorp had a return on equity of 13.48% and a net margin of 17.48%.The business had revenue of $62.77 million for the quarter, compared to analyst estimates of $62.41 million. Sell-side analysts expect that Capital Bancorp, Inc. will post 3.4 earnings per share for the current year.

Capital Bancorp Announces Dividend

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

Wall Street Analyst Weigh In

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

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.