Capital Bancorp, Inc. (NASDAQ:CBNK) Short Interest Up 5.9% in January

Capital Bancorp, Inc. (NASDAQ:CBNK) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 110,900 shares, a growth of 5.9% from the January 15th total of 104,700 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 56,400 shares, the short-interest ratio is currently 2.0 days.

Insider Transactions at Capital Bancorp

In related news, Director Randall James Levitt sold 14,500 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.30, for a total transaction of $468,350.00. Following the completion of the transaction, the director now directly owns 100,000 shares in the company, valued at approximately $3,230,000. The trade was a 12.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 32.50% of the stock is currently owned by company insiders.

Institutional Trading of Capital Bancorp

Several hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. raised its holdings in shares of Capital Bancorp by 70.4% during the 4th quarter. Alliancebernstein L.P. now owns 614,473 shares of the financial services provider’s stock worth $17,512,000 after acquiring an additional 253,819 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Capital Bancorp by 14.4% during the 4th quarter. Vanguard Group Inc. now owns 558,300 shares of the financial services provider’s stock worth $15,912,000 after acquiring an additional 70,420 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Capital Bancorp by 6.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 263,623 shares of the financial services provider’s stock worth $7,513,000 after acquiring an additional 16,957 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Capital Bancorp by 15.9% during the 4th quarter. Geode Capital Management LLC now owns 240,893 shares of the financial services provider’s stock worth $6,867,000 after acquiring an additional 33,009 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Capital Bancorp by 0.9% during the 3rd quarter. State Street Corp now owns 175,639 shares of the financial services provider’s stock worth $4,516,000 after acquiring an additional 1,526 shares in the last quarter. 56.14% of the stock is owned by hedge funds and other institutional investors.

Capital Bancorp Price Performance

NASDAQ CBNK traded down $0.21 during trading hours on Monday, reaching $31.87. The company’s stock had a trading volume of 23,294 shares, compared to its average volume of 43,173. The firm’s 50-day moving average price is $29.61 and its 200-day moving average price is $27.14. 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 1 year low of $19.02 and a 1 year high of $32.47. The company has a market capitalization of $527.77 million, a price-to-earnings ratio of 14.96 and a beta of 0.50.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm posted $0.65 EPS. On average, equities research analysts predict that Capital Bancorp will post 3.17 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be issued 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 dividend yield of 1.26%. Capital Bancorp’s dividend payout ratio (DPR) is 18.78%.

Wall Street Analyst Weigh In

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

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.