SG Americas Securities LLC Buys New Holdings in Capital Bancorp, Inc. (NASDAQ:CBNK)

SG Americas Securities LLC bought a new stake in Capital Bancorp, Inc. (NASDAQ:CBNK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,180 shares of the financial services provider’s stock, valued at approximately $125,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in Capital Bancorp by 4.9% in the 2nd quarter. BlackRock Inc. now owns 522,536 shares of the financial services provider’s stock valued at $9,458,000 after buying an additional 24,432 shares in the last quarter. Vanguard Group Inc. increased its position in Capital Bancorp by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 428,928 shares of the financial services provider’s stock valued at $8,205,000 after buying an additional 7,887 shares in the last quarter. Ameriprise Financial Inc. increased its position in Capital Bancorp by 3.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 345,277 shares of the financial services provider’s stock valued at $6,605,000 after buying an additional 13,088 shares in the last quarter. Alliancebernstein L.P. increased its position in Capital Bancorp by 5.2% in the 2nd quarter. Alliancebernstein L.P. now owns 336,902 shares of the financial services provider’s stock valued at $6,098,000 after buying an additional 16,780 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Capital Bancorp by 4.5% in the 2nd quarter. Geode Capital Management LLC now owns 180,226 shares of the financial services provider’s stock valued at $3,262,000 after buying an additional 7,786 shares in the last quarter. 56.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

CBNK has been the subject of a number of research analyst reports. Stephens raised Capital Bancorp from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $25.00 to $28.00 in a research report on Monday, April 1st. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $25.00 price objective on shares of Capital Bancorp in a research note on Monday, April 1st.

Capital Bancorp Stock Performance

Shares of Capital Bancorp stock opened at $19.29 on Thursday. The company has a market cap of $267.94 million, a PE ratio of 7.56 and a beta of 0.41. Capital Bancorp, Inc. has a 52 week low of $15.36 and a 52 week high of $25.00. The business has a 50 day moving average price of $20.37 and a 200-day moving average price of $21.22. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.19.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. The firm had revenue of $52.91 million during the quarter, compared to the consensus estimate of $42.48 million. Capital Bancorp had a return on equity of 14.79% and a net margin of 17.23%. Equities analysts anticipate that Capital Bancorp, Inc. will post 2.47 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Monday, February 5th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, February 2nd. Capital Bancorp’s dividend payout ratio is presently 12.55%.

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.