Capital Bancorp (NASDAQ:CBNK) Sees Large Volume Increase – Should You Buy?

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) saw an uptick in trading volume on Friday . 85,427 shares traded hands during mid-day trading, an increase of 68% from the previous session’s volume of 50,837 shares.The stock last traded at $31.67 and had previously closed at $32.22.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their price target on Capital Bancorp from $32.00 to $35.00 and gave the company a “market perform” rating in a research report on Friday, February 7th.

Capital Bancorp Price Performance

The firm has a market cap of $520.98 million, a P/E ratio of 14.77 and a beta of 0.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02. The firm’s 50 day moving average is $29.75 and its 200 day moving average is $27.31.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.66%. During the same period in the previous year, the company posted $0.65 EPS. As a group, analysts anticipate that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Capital Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be paid a $0.10 dividend. The ex-dividend date is Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.27%. Capital Bancorp’s dividend payout ratio is currently 18.78%.

Insider Transactions at Capital Bancorp

In related news, Director Randall James Levitt sold 14,500 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.30, for a total transaction of $468,350.00. Following the sale, the director now directly owns 100,000 shares of the company’s stock, valued at approximately $3,230,000. This represents a 12.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 32.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Picton Mahoney Asset Management increased its position in shares of Capital Bancorp by 123.0% during the fourth quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 626 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Capital Bancorp by 194.7% in the fourth quarter. Federated Hermes Inc. now owns 3,528 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 2,331 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Capital Bancorp during the fourth quarter valued at $109,000. Wells Fargo & Company MN boosted its position in shares of Capital Bancorp by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider’s stock valued at $154,000 after buying an additional 1,177 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Capital Bancorp by 317.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider’s stock worth $201,000 after buying an additional 5,937 shares in the last quarter. Institutional investors own 56.14% of the company’s stock.

Capital Bancorp Company 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.