Barclays PLC Acquires 8,918 Shares of Capital Bancorp, Inc. (NASDAQ:CBNK)

Barclays PLC grew its holdings in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) by 297.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,918 shares of the financial services provider’s stock after purchasing an additional 8,918 shares during the quarter. Barclays PLC owned approximately 0.07% of Capital Bancorp worth $306,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp increased its holdings in Capital Bancorp by 0.9% during the third quarter. State Street Corp now owns 175,639 shares of the financial services provider’s stock worth $4,516,000 after buying an additional 1,526 shares during the last quarter. Martingale Asset Management L P increased its stake in shares of Capital Bancorp by 10.1% during the 3rd quarter. Martingale Asset Management L P now owns 27,369 shares of the financial services provider’s stock worth $704,000 after purchasing an additional 2,511 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Capital Bancorp by 6.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 59,111 shares of the financial services provider’s stock worth $1,212,000 after purchasing an additional 3,331 shares during the last quarter. Empowered Funds LLC lifted its stake in Capital Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 89,110 shares of the financial services provider’s stock valued at $2,291,000 after purchasing an additional 4,422 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in 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 purchasing an additional 5,937 shares during the period. 56.14% of the stock is currently owned by institutional investors.

Capital Bancorp Stock Performance

Shares of CBNK stock opened at $28.03 on Friday. The firm’s 50 day moving average is $28.44 and its 200 day moving average is $25.46. The stock has a market capitalization of $464.12 million, a P/E ratio of 12.03 and a beta of 0.51. Capital Bancorp, Inc. has a 12 month low of $19.02 and a 12 month high of $31.22. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.23.

Capital Bancorp (NASDAQ:CBNK) last posted its earnings results on Monday, October 28th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02). Capital Bancorp had a return on equity of 12.66% and a net margin of 14.49%. The company had revenue of $59.25 million for the quarter. On average, sell-side analysts anticipate that Capital Bancorp, Inc. will post 2.37 earnings per share for the current year.

Capital Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, November 4th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.40 annualized dividend and a yield of 1.43%. Capital Bancorp’s dividend payout ratio is currently 17.17%.

Insider Buying and Selling at Capital Bancorp

In other news, COO Steven M. Poynot bought 2,000 shares of the stock in a transaction on Friday, November 1st. The shares were acquired at an average cost of $25.36 per share, for a total transaction of $50,720.00. Following the purchase, the chief operating officer now directly owns 4,503 shares of the company’s stock, valued at $114,196.08. This trade represents a 79.90 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dominic C. Canuso purchased 1,000 shares of the business’s stock in a transaction on Monday, November 4th. The stock was purchased at an average cost of $25.52 per share, with a total value of $25,520.00. Following the completion of the acquisition, the chief financial officer now owns 2,000 shares in the company, valued at approximately $51,040. This trade represents a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 32.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their target price on Capital Bancorp from $28.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Capital Bancorp 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.