Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Capital Bancorp, Inc. (NASDAQ:CBNK)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Capital Bancorp, Inc. (NASDAQ:CBNK) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 10,739 shares of the financial services provider’s stock, valued at approximately $276,000.

Other institutional investors have also recently modified their holdings of the company. Lazard Asset Management LLC bought a new position in Capital Bancorp in the first quarter valued at about $26,000. Renaissance Technologies LLC bought a new stake in shares of Capital Bancorp during the second quarter worth $256,000. Squarepoint Ops LLC acquired a new position in Capital Bancorp in the 2nd quarter worth about $304,000. Bank of New York Mellon Corp increased its stake 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 valued at $1,212,000 after buying an additional 3,331 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of Capital Bancorp by 32.0% during the second quarter. Acadian Asset Management LLC now owns 73,351 shares of the financial services provider’s stock valued at $1,502,000 after acquiring an additional 17,784 shares during the last quarter. 56.14% of the stock is currently owned by institutional investors.

Capital Bancorp Stock Performance

NASDAQ CBNK opened at $28.96 on Monday. The company has a market capitalization of $479.58 million, a price-to-earnings ratio of 12.43 and a beta of 0.47. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. Capital Bancorp, Inc. has a twelve month low of $19.02 and a twelve month high of $29.59. The stock has a fifty day simple moving average of $26.24 and a 200 day simple moving average of $23.85.

Capital Bancorp (NASDAQ:CBNK) last announced 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 net margin of 14.49% and a return on equity of 12.66%. The business had revenue of $59.25 million during the quarter. Sell-side analysts expect that Capital Bancorp, Inc. will post 2.37 EPS for the current year.

Capital Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, November 4th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.40 annualized dividend and a yield of 1.38%. Capital Bancorp’s payout ratio is currently 17.17%.

Insider Activity at Capital Bancorp

In other news, CFO Dominic C. Canuso acquired 1,000 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost of $25.52 per share, for a total transaction of $25,520.00. Following the purchase, the chief financial officer now owns 2,000 shares of the company’s stock, valued at approximately $51,040. The trade was a 100.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Steven M. Poynot acquired 2,000 shares of Capital Bancorp stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of $25.36 per share, with a total value of $50,720.00. Following the completion of the purchase, the chief operating officer now directly owns 4,503 shares in the company, valued at $114,196.08. This represents a 79.90 % increase in their position. The disclosure for this purchase can be found here. 32.50% of the stock is owned by insiders.

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.