Barclays PLC Acquires 3,290 Shares of Capital Bancorp, Inc. (NASDAQ:CBNK)

Barclays PLC boosted its stake in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) by 27.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,208 shares of the financial services provider’s stock after purchasing an additional 3,290 shares during the period. Barclays PLC’s holdings in Capital Bancorp were worth $433,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Capital Bancorp by 68.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,458 shares of the financial services provider’s stock worth $500,000 after acquiring an additional 7,879 shares during the last quarter. Praetorian Wealth Management Inc. purchased a new position in Capital Bancorp during the 4th quarter valued at approximately $205,000. Wedge Capital Management L L P NC increased its position in Capital Bancorp by 31.3% in the fourth quarter. Wedge Capital Management L L P NC now owns 93,993 shares of the financial services provider’s stock worth $2,679,000 after purchasing an additional 22,381 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Capital Bancorp in the 4th quarter worth about $109,000. Finally, Empowered Funds LLC raised its position in Capital Bancorp by 0.4% during the fourth quarter. Empowered Funds LLC now owns 89,479 shares of the financial services provider’s stock valued at $2,550,000 after purchasing an additional 369 shares during the period. 56.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Hovde Group lowered their target price on shares of Capital Bancorp from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 17th. Keefe, Bruyette & Woods increased their price target 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.

Capital Bancorp Price Performance

Shares of CBNK stock opened at $32.43 on Friday. The company has a market cap of $540.19 million, a P/E ratio of 15.23 and a beta of 0.70. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02. The stock’s 50-day moving average is $28.51 and its 200 day moving average is $28.88. Capital Bancorp, Inc. has a 1-year low of $19.45 and a 1-year high of $32.88.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.21. The business had revenue of $58.60 million for the quarter, compared to the consensus estimate of $57.54 million. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.66%. Research analysts predict that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, May 12th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.23%. Capital Bancorp’s dividend payout ratio is currently 16.13%.

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.