Capital Bancorp, Inc. (NASDAQ:CBNK) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in Capital Bancorp, Inc. (NASDAQ:CBNK) by 4.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 227,234 shares of the financial services provider’s stock after acquiring an additional 9,461 shares during the period. Dimensional Fund Advisors LP’s holdings in Capital Bancorp were worth $4,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake 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 purchasing an additional 2,210 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Capital Bancorp by 4.6% during the 1st 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 during the period. Empowered Funds LLC lifted its stake in Capital Bancorp by 8.1% during the 1st quarter. Empowered Funds LLC now owns 82,066 shares of the financial services provider’s stock valued at $1,709,000 after acquiring an additional 6,125 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Capital Bancorp by 3.5% in the first quarter. Russell Investments Group Ltd. now owns 101,302 shares of the financial services provider’s stock worth $2,110,000 after acquiring an additional 3,454 shares during the period. Finally, Vanguard Group Inc. raised 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 worth $9,103,000 after purchasing an additional 4,019 shares during the last quarter. Hedge funds and other institutional investors own 56.14% of the company’s stock.

Insider Buying and Selling

In other news, Director Mary Ann Scully acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were bought at an average cost of $25.14 per share, for a total transaction of $50,280.00. Following the acquisition, the director now owns 13,536 shares in the company, valued at approximately $340,295.04. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 32.50% of the company’s stock.

Capital Bancorp Stock Performance

Shares of CBNK stock opened at $24.50 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.05. Capital Bancorp, Inc. has a 12-month low of $19.02 and a 12-month high of $26.20. The business’s 50 day moving average is $24.76 and its two-hundred day moving average is $22.14. The company has a market capitalization of $340.35 million, a P/E ratio of 10.47 and a beta of 0.47.

Capital Bancorp (NASDAQ:CBNK) last announced its earnings results on Monday, July 22nd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Capital Bancorp had a net margin of 15.35% and a return on equity of 13.34%. The business had revenue of $57.51 million for the quarter, compared to analysts’ expectations of $42.70 million. Analysts expect that Capital Bancorp, Inc. will post 1.89 EPS for the current fiscal year.

Capital Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 5th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, August 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.63%. This is a boost from Capital Bancorp’s previous quarterly dividend of $0.08. Capital Bancorp’s payout ratio is currently 17.09%.

Wall Street Analyst Weigh In

CBNK has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price target on shares of Capital Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a report on Tuesday, July 23rd. Hovde Group raised their target price 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 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.