Empowered Funds LLC Purchases 4,422 Shares of Capital Bancorp, Inc. (NASDAQ:CBNK)

Empowered Funds LLC raised its position in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) by 5.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 89,110 shares of the financial services provider’s stock after acquiring an additional 4,422 shares during the quarter. Empowered Funds LLC’s holdings in Capital Bancorp were worth $2,291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CBNK. Janney Montgomery Scott LLC boosted its holdings in shares of Capital Bancorp by 4.6% in the first quarter. Janney Montgomery Scott LLC now owns 13,200 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 575 shares during the period. Lazard Asset Management LLC bought a new position in shares of Capital Bancorp in the first quarter worth $26,000. Kennedy Capital Management LLC boosted its holdings in shares of Capital Bancorp by 3.7% in the first quarter. Kennedy Capital Management LLC now owns 38,210 shares of the financial services provider’s stock worth $796,000 after acquiring an additional 1,361 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Capital Bancorp by 80.9% in the first quarter. BNP Paribas Financial Markets now owns 4,942 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 2,210 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Capital Bancorp by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 59,111 shares of the financial services provider’s stock worth $1,212,000 after acquiring an additional 3,331 shares during the period. 56.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods raised 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 raised 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 Trading Up 0.9 %

Shares of CBNK stock opened at $27.61 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03. Capital Bancorp, Inc. has a 52-week low of $19.02 and a 52-week high of $29.59. The company has a market capitalization of $457.22 million, a PE ratio of 11.85 and a beta of 0.47. The business’s fifty day moving average is $25.73 and its 200 day moving average is $23.42.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). Capital Bancorp had a return on equity of 12.66% and a net margin of 14.49%. The business had revenue of $59.25 million during the quarter. On average, equities research analysts anticipate that Capital Bancorp, Inc. will post 2.37 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders 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 dividend on an annualized basis and a yield of 1.45%. Capital Bancorp’s payout ratio is 17.17%.

Insider Buying and Selling at Capital Bancorp

In other news, CFO Dominic C. Canuso purchased 1,000 shares of the stock in a transaction on Monday, November 4th. The shares were acquired at an average price of $25.52 per share, for a total transaction of $25,520.00. Following the completion of the transaction, the chief financial officer now directly 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 acquisition was disclosed in a filing with the SEC, which is available through this link. Also, COO Steven M. Poynot purchased 2,000 shares of the stock in a transaction on Friday, November 1st. The shares were purchased at an average price of $25.36 per share, for a total transaction of $50,720.00. Following the transaction, the chief operating officer now directly owns 4,503 shares of the company’s stock, valued at approximately $114,196.08. This represents a 79.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 32.50% of the company’s stock.

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.