Capital Bancorp (NASDAQ:CBNK) Shares Gap Down – Time to Sell?

Capital Bancorp, Inc. (NASDAQ:CBNK)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $32.08, but opened at $31.06. Capital Bancorp shares last traded at $31.94, with a volume of 5,133 shares traded.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised their price target on Capital Bancorp from $32.00 to $35.00 and gave the company a “market perform” rating in a research report on Friday, February 7th.

Capital Bancorp Price Performance

The stock has a market capitalization of $527.77 million, a PE ratio of 14.96 and a beta of 0.50. The firm’s 50 day simple moving average is $29.61 and its 200 day simple moving average is $27.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02.

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 firm earned $0.65 earnings per share. As a group, equities analysts forecast that Capital Bancorp, Inc. will post 3.17 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.40 annualized dividend and a yield of 1.26%. Capital Bancorp’s payout ratio is 18.78%.

Insider Activity

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.30, for a total value of $468,350.00. Following the transaction, the director now owns 100,000 shares in the company, valued at approximately $3,230,000. The trade was a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 32.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Picton Mahoney Asset Management lifted its holdings in Capital Bancorp by 123.0% in the 4th quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider’s stock worth $32,000 after buying an additional 626 shares during the period. Federated Hermes Inc. lifted its stake in Capital Bancorp by 194.7% in the fourth quarter. Federated Hermes Inc. now owns 3,528 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 2,331 shares during the period. SG Americas Securities LLC bought a new stake in Capital Bancorp in the fourth quarter valued at $109,000. Wells Fargo & Company MN boosted its holdings in Capital Bancorp by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 1,177 shares in the last quarter. Finally, Praetorian Wealth Management Inc. bought a new position in Capital Bancorp in the 4th quarter worth $205,000. 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.