Barclays PLC Grows Stock Position in Capital Bancorp, Inc. (NASDAQ:CBNK)

Barclays PLC lifted its position in Capital Bancorp, Inc. (NASDAQ:CBNK) by 297.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,918 shares of the financial services provider’s stock after acquiring an additional 8,918 shares during the period. Barclays PLC owned 0.07% of Capital Bancorp worth $306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Capital Bancorp by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 227,234 shares of the financial services provider’s stock worth $4,658,000 after purchasing an additional 9,461 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in Capital Bancorp by 14.3% during the second quarter. Pacific Ridge Capital Partners LLC now owns 208,364 shares of the financial services provider’s stock worth $4,271,000 after acquiring an additional 26,091 shares during the last quarter. State Street Corp grew its stake in Capital Bancorp by 0.9% during the 3rd quarter. State Street Corp now owns 175,639 shares of the financial services provider’s stock valued at $4,516,000 after acquiring an additional 1,526 shares in the last quarter. Empowered Funds LLC raised its holdings in Capital Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 89,110 shares of the financial services provider’s stock valued at $2,291,000 after acquiring an additional 4,422 shares during the last quarter. Finally, Fourthstone LLC lifted its stake in Capital Bancorp by 104.6% in the 3rd quarter. Fourthstone LLC now owns 51,551 shares of the financial services provider’s stock worth $1,325,000 after purchasing an additional 26,358 shares in the last quarter. 56.14% of the stock is currently owned by hedge funds and other institutional investors.

Capital Bancorp Trading Up 2.3 %

Shares of CBNK opened at $29.07 on Monday. Capital Bancorp, Inc. has a 12-month low of $19.02 and a 12-month high of $31.22. The firm has a market capitalization of $481.34 million, a P/E ratio of 12.48 and a beta of 0.51. The firm has a 50-day moving average price of $28.70 and a 200 day moving average price of $26.04. 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 announced its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). Capital Bancorp had a return on equity of 12.66% and a net margin of 14.49%. The firm had revenue of $59.25 million for the quarter. Sell-side analysts forecast that Capital Bancorp, Inc. will post 2.37 EPS for the current year.

Capital Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, November 4th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.38%. Capital Bancorp’s dividend payout ratio is currently 17.17%.

Insider Activity

In related news, COO Steven M. Poynot bought 2,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were bought at an average price of $25.36 per share, with a total value of $50,720.00. Following the completion of the transaction, the chief operating officer now directly owns 4,503 shares of the company’s stock, valued at $114,196.08. This represents a 79.90 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dominic C. Canuso purchased 1,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were bought 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. The trade was a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 32.50% of the company’s stock.

Analyst Upgrades and Downgrades

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