Rhumbline Advisers Boosts Holdings in Capital Bancorp, Inc. (NASDAQ:CBNK)

Rhumbline Advisers raised its holdings in Capital Bancorp, Inc. (NASDAQ:CBNK) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,407 shares of the financial services provider’s stock after purchasing an additional 854 shares during the quarter. Rhumbline Advisers owned 0.09% of Capital Bancorp worth $439,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CBNK. SG Americas Securities LLC acquired a new position in shares of Capital Bancorp in the fourth quarter worth about $109,000. BNP Paribas Financial Markets raised its position 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 worth $201,000 after acquiring an additional 5,937 shares during the period. Praetorian Wealth Management Inc. acquired a new position in shares of Capital Bancorp during the 4th quarter worth about $205,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Capital Bancorp during the 3rd quarter worth about $276,000. Finally, Barclays PLC raised its position in shares of Capital Bancorp by 297.3% during the 3rd 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 during the last quarter. Institutional investors and hedge funds own 56.14% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upped their price target on shares of Capital Bancorp from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Friday, February 7th.

Capital Bancorp Stock Down 0.5 %

CBNK opened at $28.40 on Friday. Capital Bancorp, Inc. has a twelve month low of $19.02 and a twelve month high of $32.88. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $29.87 and a 200 day moving average price of $27.81. The company has a market cap of $470.25 million, a PE ratio of 13.33 and a beta of 0.54.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm posted $0.65 earnings per share. Sell-side analysts expect that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were issued a $0.10 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.41%. Capital Bancorp’s payout ratio is 18.78%.

Insider Buying and Selling at Capital Bancorp

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of the 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 in the company, valued at approximately $3,230,000. This represents a 12.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 32.50% of the stock is owned by insiders.

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.