Harbor Advisors LLC Makes New $328,000 Investment in Capital Bancorp, Inc. (NASDAQ:CBNK)

Harbor Advisors LLC purchased a new stake in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,517 shares of the financial services provider’s stock, valued at approximately $328,000. Harbor Advisors LLC owned approximately 0.07% of Capital Bancorp at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CBNK. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Capital Bancorp during the third quarter valued at $276,000. BNP Paribas Financial Markets increased its holdings in shares of Capital Bancorp by 317.1% during the third quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 5,937 shares in the last quarter. Fourthstone LLC increased its holdings in shares of Capital Bancorp by 104.6% during the third quarter. Fourthstone LLC now owns 51,551 shares of the financial services provider’s stock valued at $1,325,000 after acquiring an additional 26,358 shares in the last quarter. Martingale Asset Management L P increased its holdings in shares of Capital Bancorp by 10.1% during the third quarter. Martingale Asset Management L P now owns 27,369 shares of the financial services provider’s stock valued at $704,000 after acquiring an additional 2,511 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Capital Bancorp by 0.9% during the third 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 in the last quarter. 56.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CBNK has been the subject of several analyst reports. Hovde Group reduced their price target on Capital Bancorp from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 17th. Keefe, Bruyette & Woods increased their price objective 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 Trading Down 1.0 %

Capital Bancorp stock opened at $28.60 on Friday. 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, Inc. has a one year low of $19.02 and a one year high of $32.88. The stock has a market capitalization of $476.30 million, a PE ratio of 13.43 and a beta of 0.54. The business’s fifty day moving average is $29.96 and its 200 day moving average is $28.02.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.66 by $0.26. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.66%. During the same quarter in the previous year, the firm earned $0.65 EPS. On average, sell-side analysts predict that Capital Bancorp, Inc. will post 3.17 EPS for the current year.

Capital Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were given a $0.10 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.40 annualized dividend and a yield of 1.40%. Capital Bancorp’s payout ratio is 18.78%.

Insiders Place Their Bets

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.30, for a total value of $468,350.00. Following the transaction, the director now directly owns 100,000 shares of the company’s stock, valued at approximately $3,230,000. This trade represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 32.50% 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.