Capital Bancorp (NASDAQ:CBNK) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $25.01 and traded as high as $29.02. Capital Bancorp shares last traded at $29.02, with a volume of 16,850 shares changing hands.

Analyst Upgrades and Downgrades

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

Capital Bancorp Price Performance

The business’s fifty day moving average is $27.86 and its 200 day moving average is $25.01. The company has a market cap of $480.51 million, a P/E ratio of 12.45 and a beta of 0.50. 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 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). 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. As a group, sell-side analysts anticipate that Capital Bancorp, Inc. will post 2.37 EPS for the current year.

Capital Bancorp Announces Dividend

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

Insider Activity at Capital Bancorp

In related news, CFO Dominic C. Canuso acquired 1,000 shares of the company’s stock in a transaction that occurred on 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 acquisition, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Steven M. Poynot bought 2,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was bought at an average price of $25.36 per share, with a total value of $50,720.00. Following the purchase, the chief operating officer now owns 4,503 shares in the company, valued at $114,196.08. This trade represents a 79.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 32.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Capital Bancorp

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted 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 during the period. Renaissance Technologies LLC bought a new stake in Capital Bancorp during the second quarter valued at $256,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Capital Bancorp during the third quarter valued at $276,000. Squarepoint Ops LLC purchased a new position in Capital Bancorp during the second quarter worth about $304,000. Finally, Barclays PLC increased its stake in Capital Bancorp by 297.3% in the 3rd quarter. Barclays PLC now owns 11,918 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 8,918 shares during the last quarter. Hedge funds and other institutional investors own 56.14% of the company’s stock.

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.