3,820 Shares in Capital Bancorp, Inc. (NASDAQ:CBNK) Acquired by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in Capital Bancorp, Inc. (NASDAQ:CBNK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,820 shares of the financial services provider’s stock, valued at approximately $109,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Praetorian Wealth Management Inc. purchased a new position in shares of Capital Bancorp in the 4th quarter valued at $205,000. BNP Paribas Financial Markets increased its holdings in Capital Bancorp by 317.1% in the 3rd 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Capital Bancorp in the third quarter valued at about $276,000. Barclays PLC lifted its stake in shares of Capital Bancorp by 297.3% during the third quarter. Barclays PLC now owns 11,918 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 8,918 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Capital Bancorp by 68.0% during the third quarter. JPMorgan Chase & Co. now owns 19,458 shares of the financial services provider’s stock worth $500,000 after purchasing an additional 7,879 shares in the last quarter. 56.14% of the stock is owned by institutional investors and hedge funds.

Capital Bancorp Price Performance

Shares of CBNK stock opened at $32.04 on Thursday. The firm has a fifty day simple moving average of $29.51 and a 200-day simple moving average of $27.03. The company has a market capitalization of $530.58 million, a PE ratio of 15.04 and a beta of 0.50. Capital Bancorp, Inc. has a twelve month low of $19.02 and a twelve month high of $32.47. 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 quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 previous year, the company posted $0.65 earnings per share. Equities research analysts anticipate that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.25%. Capital Bancorp’s dividend payout ratio (DPR) is presently 18.78%.

Insiders Place Their Bets

In other news, Director Randall James Levitt sold 14,500 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.30, for a total value of $468,350.00. Following the completion of the sale, the director now owns 100,000 shares of the company’s stock, valued at approximately $3,230,000. The trade was a 12.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 32.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their target price 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 Company 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.