Salzhauer Michael Purchases Shares of 17,208 Capital Bancorp, Inc. (NASDAQ:CBNK)

Salzhauer Michael acquired a new position in Capital Bancorp, Inc. (NASDAQ:CBNK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,208 shares of the financial services provider’s stock, valued at approximately $490,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Barclays PLC grew its stake in Capital Bancorp by 297.3% during the third quarter. Barclays PLC now owns 11,918 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 8,918 shares during the period. BNP Paribas Financial Markets grew its position in shares of 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 buying an additional 5,937 shares during the period. Wedge Capital Management L L P NC increased its stake in shares of Capital Bancorp by 31.3% in the 4th 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 in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Capital Bancorp by 68.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,458 shares of the financial services provider’s stock valued at $500,000 after acquiring an additional 7,879 shares during the period. Finally, State Street Corp lifted its position in shares of Capital Bancorp by 0.9% during the 3rd quarter. State Street Corp now owns 175,639 shares of the financial services provider’s stock valued at $4,516,000 after acquiring an additional 1,526 shares during the period. 56.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Capital Bancorp Trading Up 0.4 %

Shares of Capital Bancorp stock opened at $32.22 on Monday. The stock has a market capitalization of $533.50 million, a PE ratio of 15.13 and a beta of 0.50. Capital Bancorp, Inc. has a 52 week low of $19.02 and a 52 week high of $32.47. The stock has a 50 day moving average price of $29.37 and a two-hundred day moving average price of $26.91. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating 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 posted $0.65 earnings per share. As a group, equities analysts anticipate that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, February 10th. Capital Bancorp’s payout ratio is presently 18.78%.

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.