Capital Bancorp, Inc. (NASDAQ:CBNK) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in Capital Bancorp, Inc. (NASDAQ:CBNK) by 68.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,458 shares of the financial services provider’s stock after buying an additional 7,879 shares during the period. JPMorgan Chase & Co. owned 0.12% of Capital Bancorp worth $500,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC increased its position in shares of Capital Bancorp by 297.3% in the 3rd quarter. Barclays PLC now owns 11,918 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 8,918 shares during the period. BNP Paribas Financial Markets increased its holdings 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 valued at $201,000 after purchasing an additional 5,937 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Capital Bancorp in the second quarter valued at about $304,000. State Street Corp raised its stake in shares of Capital Bancorp by 0.9% in the third quarter. State Street Corp now owns 175,639 shares of the financial services provider’s stock worth $4,516,000 after purchasing an additional 1,526 shares during the last quarter. Finally, Fourthstone LLC lifted its holdings in shares of Capital Bancorp by 104.6% during the third 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 during the period. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Capital Bancorp

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

Analyst Upgrades and Downgrades

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

Capital Bancorp Price Performance

Shares of CBNK opened at $30.82 on Wednesday. The business’s 50-day moving average is $28.88 and its two-hundred day moving average is $26.47. The company has a market capitalization of $510.38 million, a P/E ratio of 13.23 and a beta of 0.51. Capital Bancorp, Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $31.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03.

Capital Bancorp (NASDAQ:CBNK) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.66 by $0.26. Capital Bancorp had a return on equity of 12.66% and a net margin of 14.49%. During the same quarter last year, the business earned $0.65 EPS. Research analysts predict that Capital Bancorp, Inc. will post 2.37 earnings per share for the current year.

Capital Bancorp Announces Dividend

The company also recently announced 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. This represents a $0.40 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Monday, February 10th. Capital Bancorp’s dividend payout ratio (DPR) is 17.17%.

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.