Los Angeles Capital Management LLC Has $422,000 Holdings in Capital Bancorp, Inc. (NASDAQ:CBNK)

Los Angeles Capital Management LLC cut its holdings in Capital Bancorp, Inc. (NASDAQ:CBNK) by 11.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,425 shares of the financial services provider’s stock after selling 2,100 shares during the quarter. Los Angeles Capital Management LLC owned 0.12% of Capital Bancorp worth $422,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings in shares of Capital Bancorp by 80.9% during the first quarter. BNP Paribas Financial Markets now owns 4,942 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 2,210 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Capital Bancorp by 4.6% during the first quarter. Janney Montgomery Scott LLC now owns 13,200 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 575 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Capital Bancorp by 3.5% during the first quarter. Russell Investments Group Ltd. now owns 101,302 shares of the financial services provider’s stock valued at $2,110,000 after acquiring an additional 3,454 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Capital Bancorp by 0.9% during the first quarter. Vanguard Group Inc. now owns 437,034 shares of the financial services provider’s stock valued at $9,103,000 after acquiring an additional 4,019 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Capital Bancorp by 11.9% during the first quarter. Acadian Asset Management LLC now owns 55,567 shares of the financial services provider’s stock valued at $1,155,000 after acquiring an additional 5,893 shares in the last quarter. 56.14% of the stock is owned by institutional investors and hedge funds.

Capital Bancorp Stock Up 0.2 %

Shares of NASDAQ CBNK opened at $27.85 on Monday. Capital Bancorp, Inc. has a one year low of $19.02 and a one year high of $29.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.00. The business’s fifty day moving average price is $25.62 and its 200-day moving average price is $23.31. The stock has a market capitalization of $461.20 million, a PE ratio of 11.95 and a beta of 0.47.

Capital Bancorp (NASDAQ:CBNK) last released 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). The business had revenue of $59.25 million during the quarter. Capital Bancorp had a net margin of 14.49% and a return on equity of 12.66%. On average, equities research analysts anticipate that Capital Bancorp, Inc. will post 2.37 EPS for the current year.

Capital Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, November 4th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.40 annualized dividend and a yield of 1.44%. Capital Bancorp’s payout ratio is 17.17%.

Insiders Place Their Bets

In other Capital Bancorp news, CFO Dominic C. Canuso bought 1,000 shares of Capital Bancorp stock in a transaction on Monday, November 4th. The stock was 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 in the company, valued at approximately $51,040. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Steven M. Poynot bought 2,000 shares of Capital Bancorp stock in a transaction on Friday, November 1st. The stock was acquired at an average cost of $25.36 per share, with a total value of $50,720.00. Following the acquisition, the chief operating officer now owns 4,503 shares in the company, valued at approximately $114,196.08. This represents a 79.90 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 32.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CBNK. Keefe, Bruyette & Woods upped their price target on Capital Bancorp from $25.00 to $27.00 and gave the stock a “market perform” rating in a report on Tuesday, July 23rd. Hovde Group upped their price target on Capital Bancorp from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th.

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.