Jane Street Group LLC Cuts Holdings in Capital Bancorp, Inc. (NASDAQ:CBNK)

Jane Street Group LLC reduced its stake in Capital Bancorp, Inc. (NASDAQ:CBNK) by 13.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,826 shares of the financial services provider’s stock after selling 1,399 shares during the period. Jane Street Group LLC owned approximately 0.05% of Capital Bancorp worth $227,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CBNK. Kendall Capital Management acquired a new stake in Capital Bancorp in the 2nd quarter valued at $1,664,000. Wealthspire Advisors LLC acquired a new stake in Capital Bancorp in the 2nd quarter valued at $1,577,000. Fourthstone LLC increased its holdings in Capital Bancorp by 104.6% in the 3rd quarter. Fourthstone LLC now owns 51,551 shares of the financial services provider’s stock valued at $1,325,000 after purchasing an additional 26,358 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in Capital Bancorp by 14.3% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 208,364 shares of the financial services provider’s stock valued at $4,271,000 after purchasing an additional 26,091 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Capital Bancorp by 32.0% in the 2nd quarter. Acadian Asset Management LLC now owns 73,351 shares of the financial services provider’s stock valued at $1,502,000 after purchasing an additional 17,784 shares in the last quarter. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Capital Bancorp Stock Down 2.9 %

Shares of Capital Bancorp stock opened at $26.76 on Friday. The business has a 50-day moving average of $28.64 and a 200-day moving average of $25.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02. The company has a market capitalization of $443.09 million, a PE ratio of 11.49 and a beta of 0.51. Capital Bancorp, Inc. has a 1-year low of $19.02 and a 1-year high of $31.22.

Capital Bancorp (NASDAQ:CBNK) last announced its earnings results on Monday, October 28th. The financial services provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.02). The business had revenue of $59.25 million for the quarter. Capital Bancorp had a net margin of 14.49% and a return on equity of 12.66%. As a group, equities analysts forecast that Capital Bancorp, Inc. will post 2.37 EPS for the current fiscal year.

Capital Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, November 4th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, November 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.49%. Capital Bancorp’s dividend payout ratio is presently 17.17%.

Insider Activity

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

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their price target on Capital Bancorp from $28.00 to $32.00 and gave the company a “market perform” rating in a report 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.