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

Capital Bancorp, Inc. (NASDAQ:CBNK) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 33,800 shares, a growth of 17.0% from the October 31st total of 28,900 shares. Based on an average daily trading volume, of 31,600 shares, the short-interest ratio is presently 1.1 days. Currently, 0.3% of the company’s stock are sold short.

Insider Activity at Capital Bancorp

In related news, CFO Dominic C. Canuso purchased 1,000 shares of the business’s stock in a transaction on Monday, November 4th. The stock was acquired at an average price of $25.52 per share, for a total transaction of $25,520.00. Following the purchase, the chief financial officer now owns 2,000 shares of the company’s stock, valued at approximately $51,040. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Steven M. Poynot purchased 2,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were bought at an average price of $25.36 per share, with a total value of $50,720.00. Following the purchase, the chief operating officer now directly owns 4,503 shares in the company, valued at approximately $114,196.08. The trade was a 79.90 % increase in their position. The disclosure for this purchase can be found here. 32.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Capital Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Capital Bancorp by 0.9% in the first quarter. Vanguard Group Inc. now owns 437,034 shares of the financial services provider’s stock worth $9,103,000 after acquiring an additional 4,019 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Capital Bancorp by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 227,234 shares of the financial services provider’s stock worth $4,658,000 after purchasing an additional 9,461 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in shares of Capital Bancorp by 14.3% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 208,364 shares of the financial services provider’s stock worth $4,271,000 after purchasing an additional 26,091 shares during the period. State Street Corp lifted its stake in Capital Bancorp by 0.9% in the third quarter. State Street Corp now owns 175,639 shares of the financial services provider’s stock valued at $4,516,000 after purchasing an additional 1,526 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Capital Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 89,110 shares of the financial services provider’s stock valued at $2,291,000 after purchasing an additional 4,422 shares during the period. 56.14% of the stock is owned by hedge funds and other institutional investors.

Capital Bancorp Stock Up 0.5 %

CBNK stock traded up $0.14 during mid-day trading on Tuesday, reaching $29.89. 42,584 shares of the company traded hands, compared to its average volume of 26,362. The stock has a market cap of $494.92 million, a price-to-earnings ratio of 12.77 and a beta of 0.50. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. Capital Bancorp has a fifty-two week low of $19.02 and a fifty-two week high of $30.12. The firm’s 50 day moving average price is $26.33 and its 200 day moving average price is $23.94.

Capital Bancorp (NASDAQ:CBNK) last released its earnings results on Monday, October 28th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02). The business had revenue of $59.25 million during the quarter. Capital Bancorp had a net margin of 14.49% and a return on equity of 12.66%. As a group, equities research analysts predict that Capital Bancorp will post 2.37 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, November 4th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Monday, November 4th. Capital Bancorp’s dividend payout ratio is presently 17.17%.

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.