Randall James Levitt Sells 14,500 Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) Stock

Capital Bancorp, Inc. (NASDAQ:CBNK) Director Randall James Levitt sold 14,500 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $32.30, for a total value of $468,350.00. Following the completion of the transaction, the director now owns 100,000 shares of the company’s stock, valued at $3,230,000. The trade was a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Capital Bancorp Stock Down 0.9 %

NASDAQ CBNK opened at $32.04 on Thursday. Capital Bancorp, Inc. has a 1-year low of $19.02 and a 1-year high of $32.47. The company has a market capitalization of $530.58 million, a price-to-earnings ratio of 15.04 and a beta of 0.50. The stock’s 50 day moving average is $29.51 and its two-hundred day moving average is $27.03. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.23.

Capital Bancorp (NASDAQ:CBNK) last posted 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 return on equity of 14.89% and a net margin of 12.66%. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Equities analysts forecast that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, February 10th. Capital Bancorp’s payout ratio is 18.78%.

Institutional Investors Weigh In On Capital Bancorp

A number of hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in Capital Bancorp in the second quarter valued at about $256,000. Empowered Funds LLC raised its stake in shares of Capital Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 89,110 shares of the financial services provider’s stock valued at $2,291,000 after acquiring an additional 4,422 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Capital Bancorp in the 3rd quarter worth approximately $276,000. BNP Paribas Financial Markets grew its position in Capital Bancorp by 317.1% during 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, Fourthstone LLC increased its holdings in Capital Bancorp by 104.6% during the 3rd quarter. Fourthstone LLC now owns 51,551 shares of the financial services provider’s stock valued at $1,325,000 after purchasing an additional 26,358 shares in the last quarter. Institutional investors and hedge funds own 56.14% of the company’s stock.

Analyst Ratings Changes

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

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.