Capital Bancorp (NASDAQ:CBNK) Given New $35.00 Price Target at Keefe, Bruyette & Woods

Capital Bancorp (NASDAQ:CBNK) had its target price upped by research analysts at Keefe, Bruyette & Woods from $32.00 to $35.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 9.06% from the company’s previous close.

Capital Bancorp Price Performance

Shares of CBNK stock traded up $0.01 on Friday, reaching $32.09. 8,351 shares of the company were exchanged, compared to its average volume of 44,583. Capital Bancorp has a 1 year low of $19.02 and a 1 year high of $32.24. The business has a 50-day moving average price of $29.30 and a 200 day moving average price of $26.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03. The company has a market cap of $531.43 million, a price-to-earnings ratio of 15.01 and a beta of 0.50.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share 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 company earned $0.65 EPS. Equities research analysts forecast that Capital Bancorp will post 3.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capital Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC increased its stake in Capital Bancorp by 297.3% in the third quarter. Barclays PLC now owns 11,918 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 8,918 shares during the last quarter. BNP Paribas Financial Markets raised its stake 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 in the last quarter. Wedge Capital Management L L P NC lifted its position in Capital Bancorp by 31.3% in the fourth quarter. Wedge Capital Management L L P NC now owns 93,993 shares of the financial services provider’s stock valued at $2,679,000 after acquiring an additional 22,381 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Capital Bancorp during the second quarter worth about $304,000. Finally, JPMorgan Chase & Co. grew its position in shares of Capital Bancorp by 68.0% during the third quarter. JPMorgan Chase & Co. now owns 19,458 shares of the financial services provider’s stock worth $500,000 after acquiring an additional 7,879 shares during the last quarter. Hedge funds and other institutional investors own 56.14% of the company’s stock.

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.