Capital Bancorp, Inc. (NASDAQ:CBNK) Sees Large Decline in Short Interest

Capital Bancorp, Inc. (NASDAQ:CBNK) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 28,700 shares, a decline of 90.3% from the September 30th total of 296,600 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 25,500 shares, the short-interest ratio is presently 1.1 days.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CBNK. Hovde Group boosted their price target on Capital Bancorp from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods increased their price target on Capital Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a report on Tuesday, July 23rd.

Insider Transactions at Capital Bancorp

In other news, Director Mary Ann Scully bought 2,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were bought at an average cost of $25.14 per share, with a total value of $50,280.00. Following the purchase, the director now directly owns 13,536 shares in the company, valued at $340,295.04. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 32.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Capital Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC bought a new stake in shares of Capital Bancorp in the 1st quarter valued at about $26,000. BNP Paribas Financial Markets boosted its position in Capital Bancorp by 80.9% during the 1st quarter. BNP Paribas Financial Markets now owns 4,942 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 2,210 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Capital Bancorp during the 2nd quarter worth approximately $256,000. Janney Montgomery Scott LLC raised its holdings in shares of Capital Bancorp by 4.6% in the first quarter. Janney Montgomery Scott LLC now owns 13,200 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 575 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Capital Bancorp in the second quarter worth $304,000. 56.14% of the stock is owned by institutional investors.

Capital Bancorp Stock Performance

Shares of NASDAQ:CBNK traded down $0.27 during midday trading on Friday, hitting $24.20. The company’s stock had a trading volume of 9,838 shares, compared to its average volume of 23,660. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.00 and a current ratio of 1.01. The stock’s 50 day simple moving average is $25.02 and its 200 day simple moving average is $22.47. The stock has a market capitalization of $336.19 million, a price-to-earnings ratio of 10.46 and a beta of 0.47. Capital Bancorp has a fifty-two week low of $19.02 and a fifty-two week high of $26.20.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings data on Monday, July 22nd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The firm had revenue of $57.51 million for the quarter, compared to the consensus estimate of $42.70 million. Capital Bancorp had a net margin of 15.35% and a return on equity of 13.34%. As a group, research analysts anticipate that Capital Bancorp will post 2.59 earnings per share for the current year.

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.