Capital Bancorp (NASDAQ:CBNK) Issues Earnings Results

Capital Bancorp (NASDAQ:CBNK) released its quarterly earnings data on Monday. The financial services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.05, FiscalAI reports. Capital Bancorp had a return on equity of 13.48% and a net margin of 17.48%.The company had revenue of $65.29 million for the quarter, compared to analyst estimates of $66.54 million.

Capital Bancorp Price Performance

NASDAQ:CBNK opened at $36.31 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 market cap of $591.49 million, a PE ratio of 10.97 and a beta of 0.54. Capital Bancorp has a 12 month low of $26.40 and a 12 month high of $37.00. The company’s 50-day moving average price is $33.91 and its two-hundred day moving average price is $31.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new stake in Capital Bancorp during the 3rd quarter worth approximately $29,000. Aquatic Capital Management LLC bought a new stake in shares of Capital Bancorp during the third quarter worth $61,000. Franklin Resources Inc. bought a new stake in shares of Capital Bancorp during the second quarter worth $201,000. HRT Financial LP acquired a new stake in shares of Capital Bancorp in the fourth quarter valued at $205,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Capital Bancorp in the fourth quarter valued at $209,000. 56.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CBNK has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their target price on Capital Bancorp from $32.00 to $34.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital Bancorp in a research report on Tuesday, June 30th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.33.

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. 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.