Capital Bancorp (NASDAQ:CBNK) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.79 and traded as high as $31.82. Capital Bancorp shares last traded at $31.60, with a volume of 33,250 shares.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their target price on shares of Capital Bancorp from $28.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Capital Bancorp Stock Up 0.4 %

The firm has a market cap of $523.23 million, a P/E ratio of 14.84 and a beta of 0.50. The business’s fifty day moving average price is $29.23 and its two-hundred day moving average price is $26.79. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.23.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the company posted $0.65 EPS. As a group, equities research analysts anticipate that Capital Bancorp, Inc. will post 3.17 EPS for the current year.

Capital Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.27%. Capital Bancorp’s dividend payout ratio is currently 18.78%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC grew its stake in Capital Bancorp by 297.3% in the 3rd quarter. Barclays PLC now owns 11,918 shares of the financial services provider’s stock valued at $306,000 after buying an additional 8,918 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Capital Bancorp by 317.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider’s stock valued at $201,000 after buying an additional 5,937 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in Capital Bancorp by 31.3% in the 4th quarter. Wedge Capital Management L L P NC now owns 93,993 shares of the financial services provider’s stock valued at $2,679,000 after buying an additional 22,381 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Capital Bancorp in the 2nd quarter valued at $304,000. Finally, JPMorgan Chase & Co. grew its stake in Capital Bancorp by 68.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,458 shares of the financial services provider’s stock valued at $500,000 after buying an additional 7,879 shares during the last quarter. 56.14% of the stock is currently owned by institutional investors and hedge funds.

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.