Hovde Group Trims Capital Bancorp (NASDAQ:CBNK) Target Price to $26.00

Capital Bancorp (NASDAQ:CBNK) had its target price lowered by investment analysts at Hovde Group from $27.00 to $26.00 in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Hovde Group’s price objective suggests a potential upside of 33.33% from the company’s current price.

Several other brokerages have also weighed in on CBNK. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $25.00 price objective on shares of Capital Bancorp in a report on Monday, April 1st. Stephens raised Capital Bancorp from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $25.00 to $28.00 in a report on Monday, April 1st.

Capital Bancorp Trading Down 1.1 %

Shares of Capital Bancorp stock opened at $19.50 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.19. The firm has a market cap of $270.86 million, a price-to-earnings ratio of 8.33 and a beta of 0.41. The business has a fifty day simple moving average of $20.30 and a 200-day simple moving average of $21.26. Capital Bancorp has a fifty-two week low of $15.36 and a fifty-two week high of $25.00.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.03. The business had revenue of $52.91 million during the quarter, compared to analyst estimates of $42.48 million. Capital Bancorp had a return on equity of 13.56% and a net margin of 15.35%. On average, equities analysts forecast that Capital Bancorp will post 2.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CBNK. AJOVista LLC acquired a new position in Capital Bancorp during the fourth quarter valued at $33,000. New York State Common Retirement Fund raised its position in Capital Bancorp by 28.6% during the fourth quarter. New York State Common Retirement Fund now owns 3,185 shares of the financial services provider’s stock valued at $77,000 after buying an additional 708 shares during the period. SG Americas Securities LLC acquired a new position in Capital Bancorp during the fourth quarter valued at $125,000. Comerica Bank raised its position in Capital Bancorp by 41.3% during the fourth quarter. Comerica Bank now owns 49,356 shares of the financial services provider’s stock valued at $1,194,000 after buying an additional 14,427 shares during the period. Finally, Ballast Asset Management LP acquired a new position in Capital Bancorp during the third quarter valued at $2,397,000. 56.14% of the stock is owned by institutional investors and hedge funds.

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.