Short Interest in Capital Bancorp, Inc. (NASDAQ:CBNK) Rises By 43.1%

Capital Bancorp, Inc. (NASDAQ:CBNK) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 172,000 shares, a growth of 43.1% from the April 30th total of 120,200 shares. Based on an average daily trading volume, of 59,200 shares, the short-interest ratio is currently 2.9 days. Approximately 1.5% of the company’s stock are short sold.

Capital Bancorp Stock Down 1.3%

Capital Bancorp stock opened at $31.87 on Tuesday. The company has a market capitalization of $530.86 million, a P/E ratio of 14.96 and a beta of 0.70. The firm’s fifty day simple moving average is $29.85 and its 200-day simple moving average is $29.59. 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 has a 1-year low of $19.45 and a 1-year high of $34.31.

Capital Bancorp (NASDAQ:CBNK) last announced its earnings results on Monday, April 28th. The financial services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.67 by $0.21. The firm had revenue of $58.60 million for the quarter, compared to the consensus estimate of $57.54 million. Capital Bancorp had a net margin of 12.66% and a return on equity of 14.89%. Sell-side analysts forecast that Capital Bancorp will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 12th were issued a $0.10 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.40 annualized dividend and a yield of 1.26%. Capital Bancorp’s dividend payout ratio (DPR) is presently 16.13%.

Insider Buying and Selling at Capital Bancorp

In other Capital Bancorp news, COO Steven M. Poynot purchased 750 shares of the business’s stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average price of $33.35 per share, for a total transaction of $25,012.50. Following the acquisition, the chief operating officer now owns 5,253 shares of the company’s stock, valued at $175,187.55. This trade represents a 16.66% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 31.59% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. grew 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 worth $17,512,000 after purchasing an additional 253,819 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in Capital Bancorp in the 1st quarter worth $2,816,000. Kennedy Capital Management LLC grew its position in Capital Bancorp by 213.3% in the 4th 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. Invesco Ltd. acquired a new stake in Capital Bancorp in the 1st quarter worth $2,494,000. Finally, Fourthstone LLC grew its position 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 purchasing an additional 71,627 shares during the last quarter. Institutional investors own 56.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.