Capital Bancorp (NASDAQ:CBNK) Sees Unusually-High Trading Volume – Here’s Why

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) saw strong trading volume on Friday . 85,427 shares traded hands during trading, an increase of 68% from the previous session’s volume of 50,837 shares.The stock last traded at $31.67 and had previously closed at $32.22.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods increased their price target 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 Trading Down 3.6 %

The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.23. The stock has a market cap of $514.29 million, a price-to-earnings ratio of 14.58 and a beta of 0.50. The company has a fifty day simple moving average of $29.76 and a 200-day simple moving average of $27.39.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings results 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 net margin of 12.66% and a return on equity of 14.89%. During the same period in the prior year, the firm posted $0.65 earnings per share. On average, research analysts forecast that Capital Bancorp, Inc. will post 3.17 earnings per share 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. Stockholders of record on Monday, February 10th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Monday, February 10th. Capital Bancorp’s dividend payout ratio (DPR) is presently 18.78%.

Insider Buying and Selling

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of the company’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 $3,230,000. This represents a 12.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 32.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Capital Bancorp

Large investors have recently made changes to their positions in the company. Picton Mahoney Asset Management grew its position in Capital Bancorp by 123.0% in the fourth quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 626 shares in the last quarter. Federated Hermes Inc. boosted its holdings 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 purchasing an additional 2,331 shares in the last quarter. SG Americas Securities LLC acquired a new position in Capital Bancorp during the fourth quarter worth $109,000. Wells Fargo & Company MN raised its holdings in Capital Bancorp by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider’s stock valued at $154,000 after buying an additional 1,177 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position 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. Institutional investors 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.