Capital Bancorp (NASDAQ:CBNK) Given New $35.00 Price Target at Keefe, Bruyette & Woods

Capital Bancorp (NASDAQ:CBNK) had its target price boosted by Keefe, Bruyette & Woods from $32.00 to $35.00 in a report published on Friday morning,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Capital Bancorp Stock Performance

CBNK stock opened at $32.22 on Friday. Capital Bancorp has a one year low of $19.02 and a one year high of $32.47. The firm has a market cap of $533.56 million, a price-to-earnings ratio of 15.13 and a beta of 0.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03. The firm has a 50-day simple moving average of $29.30 and a two-hundred day simple moving average of $26.82.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 EPS 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 quarter last year, the firm posted $0.65 earnings per share. On average, equities analysts forecast that Capital Bancorp will post 3.17 EPS for the current fiscal year.

Capital Bancorp Dividend Announcement

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

Institutional Investors Weigh In On Capital Bancorp

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of Capital Bancorp in the 4th quarter valued at approximately $109,000. Praetorian Wealth Management Inc. acquired a new position in Capital Bancorp during the 4th quarter valued at approximately $205,000. BNP Paribas Financial Markets raised its holdings in shares of Capital Bancorp by 317.1% in the third 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 last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Capital Bancorp during the third quarter worth $276,000. Finally, Barclays PLC grew its holdings in shares of Capital Bancorp by 297.3% during the third quarter. Barclays PLC now owns 11,918 shares of the financial services provider’s stock valued at $306,000 after buying an additional 8,918 shares during the last quarter. Institutional investors and hedge funds own 56.14% of the company’s stock.

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.