Salzhauer Michael Sells 8,000 Shares of Capital Bancorp, Inc. (NASDAQ:CBNK)

Salzhauer Michael lessened its position in Capital Bancorp, Inc. (NASDAQ:CBNK) by 46.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,208 shares of the financial services provider’s stock after selling 8,000 shares during the period. Salzhauer Michael’s holdings in Capital Bancorp were worth $261,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Alliancebernstein L.P. lifted its position in Capital Bancorp by 70.4% in the 4th quarter. Alliancebernstein L.P. now owns 614,473 shares of the financial services provider’s stock valued at $17,512,000 after acquiring an additional 253,819 shares in the last quarter. Kennedy Capital Management LLC raised its stake in shares of Capital Bancorp by 213.3% in the fourth quarter. Kennedy Capital Management LLC now owns 142,846 shares of the financial services provider’s stock worth $4,071,000 after purchasing an additional 97,258 shares during the last quarter. Fourthstone LLC increased its holdings in Capital Bancorp by 138.9% in the 4th quarter. Fourthstone LLC now owns 123,178 shares of the financial services provider’s stock worth $3,511,000 after buying an additional 71,627 shares in the last quarter. Vanguard Group Inc. lifted its stake in Capital Bancorp by 14.4% during the 4th quarter. Vanguard Group Inc. now owns 558,300 shares of the financial services provider’s stock valued at $15,912,000 after acquiring an additional 70,420 shares during the period. Finally, HighPoint Advisor Group LLC purchased a new stake in shares of Capital Bancorp during the 4th quarter valued at about $1,191,000. Hedge funds and other institutional investors own 56.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Hovde Group decreased their price objective on shares of Capital Bancorp from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 17th. Keefe, Bruyette & Woods lifted their target price on shares of Capital Bancorp from $33.00 to $35.00 and gave the stock a “market perform” rating in a research report on Monday, May 12th.

Insider Buying and Selling at Capital Bancorp

In other news, COO Steven M. Poynot bought 750 shares of the firm’s stock in a transaction on Wednesday, May 14th. The shares were bought at an average price of $33.35 per share, for a total transaction of $25,012.50. Following the purchase, the chief operating officer now owns 5,253 shares in the company, valued at approximately $175,187.55. The trade was a 16.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 31.59% of the stock is currently owned by corporate insiders.

Capital Bancorp Price Performance

NASDAQ CBNK opened at $32.43 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $540.19 million, a P/E ratio of 13.08 and a beta of 0.68. The company has a 50-day moving average price of $31.40 and a 200-day moving average price of $29.93. Capital Bancorp, Inc. has a 52 week low of $19.70 and a 52 week high of $34.31.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.21. Capital Bancorp had a net margin of 14.43% and a return on equity of 15.04%. The business had revenue of $58.60 million for the quarter, compared to the consensus estimate of $57.54 million. Equities research analysts anticipate that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Capital Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, May 12th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.23%. The ex-dividend date was Monday, May 12th. Capital Bancorp’s dividend payout ratio is presently 16.13%.

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.