Gator Capital Management LLC Buys New Shares in Capital Bancorp, Inc. (NASDAQ:CBNK)

Gator Capital Management LLC purchased a new stake in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) during the fourth quarter, Holdings Channel reports. The firm purchased 34,796 shares of the financial services provider’s stock, valued at approximately $992,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management increased its position in shares of Capital Bancorp by 123.0% during the 4th quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 626 shares during the last quarter. SG Americas Securities LLC bought a new position in Capital Bancorp during the fourth quarter valued at approximately $109,000. Wells Fargo & Company MN raised its stake 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 worth $154,000 after acquiring an additional 1,177 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of 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 acquiring an additional 5,937 shares during the last quarter. Finally, Praetorian Wealth Management Inc. bought a new stake in shares of Capital Bancorp in the 4th quarter worth approximately $205,000. Institutional investors own 56.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CBNK shares. Keefe, Bruyette & Woods lifted their target price on shares of Capital Bancorp from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Friday, February 7th. Hovde Group decreased their price objective on Capital Bancorp from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, March 17th.

Insider Activity at Capital Bancorp

In other news, Director Randall James Levitt sold 14,500 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.30, for a total transaction of $468,350.00. Following the transaction, the director now directly owns 100,000 shares of the company’s stock, valued at approximately $3,230,000. The trade was a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.50% of the stock is owned by company insiders.

Capital Bancorp Price Performance

Shares of Capital Bancorp stock opened at $26.11 on Friday. The stock has a market capitalization of $434.84 million, a P/E ratio of 12.26 and a beta of 0.52. Capital Bancorp, Inc. has a one year low of $19.02 and a one year high of $32.88. 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 business’s 50 day simple moving average is $29.89 and its two-hundred day simple moving average is $28.25.

Capital Bancorp (NASDAQ:CBNK) last issued its earnings results on Monday, January 27th. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.66 by $0.26. Capital Bancorp had a net margin of 12.66% and a return on equity of 14.89%. During the same period in the prior year, the business earned $0.65 EPS. Analysts forecast that Capital Bancorp, Inc. will post 3.17 EPS for the current year.

Capital Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were paid a $0.10 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.53%. Capital Bancorp’s payout ratio is presently 18.78%.

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.