Capital Bancorp, Inc. (NASDAQ:CBNK) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its stake in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,348 shares of the financial services provider’s stock after purchasing an additional 3,949 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.40% of Capital Bancorp worth $1,891,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Picton Mahoney Asset Management lifted its position in shares of Capital Bancorp by 123.0% during the 4th quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 626 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Capital Bancorp during the fourth quarter worth $109,000. BNP Paribas Financial Markets boosted its position in Capital Bancorp by 317.1% during 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 last quarter. Praetorian Wealth Management Inc. acquired a new stake in shares of Capital Bancorp during the 4th quarter valued at about $205,000. Finally, Barclays PLC grew its position in Capital Bancorp by 297.3% in the third 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 in the last quarter. 56.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CBNK shares. Keefe, Bruyette & Woods upped their target price on Capital Bancorp from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Friday, February 7th. Hovde Group decreased their target price on Capital Bancorp from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, March 17th.

Capital Bancorp Stock Performance

Shares of NASDAQ:CBNK opened at $26.41 on Friday. Capital Bancorp, Inc. has a twelve month low of $19.02 and a twelve month high of $32.88. The firm has a market cap of $439.83 million, a PE ratio of 12.40 and a beta of 0.52. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03. The business has a fifty day moving average of $29.40 and a 200-day moving average of $28.28.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 earnings per share for the quarter, beating 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 period last year, the company earned $0.65 EPS. On average, equities research analysts predict that Capital Bancorp, Inc. will post 3.17 EPS for the current fiscal year.

Capital Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Monday, February 10th. Capital Bancorp’s payout ratio is currently 18.78%.

Insider Activity at Capital Bancorp

In other news, Director Randall James Levitt sold 14,500 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was 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. This represents a 12.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 32.50% of the stock is currently owned by insiders.

Capital Bancorp 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.