Investment analysts at Sandler O’Neill initiated coverage on shares of Capital Bancorp (NASDAQ:CBNK) in a research note issued to investors on Tuesday, October 23rd, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $14.50 price target on the financial services provider’s stock. Sandler O’Neill’s price target would suggest a potential upside of 16.09% from the company’s current price.
Several other analysts have also recently issued reports on CBNK. Hovde Group assumed coverage on Capital Bancorp in a research report on Monday, October 22nd. They set a “market perform” rating and a $14.00 target price on the stock. Keefe, Bruyette & Woods started coverage on Capital Bancorp in a report on Sunday, October 21st. They set an “outperform” rating and a $16.00 price objective for the company. Finally, Stephens started coverage on Capital Bancorp in a report on Monday, October 22nd. They set an “overweight” rating and a $14.00 price objective for the company.
Shares of NASDAQ CBNK opened at $12.49 on Tuesday. Capital Bancorp has a 12-month low of $11.00 and a 12-month high of $13.19.
In other news, CEO Edward F. Barry sold 3,000 shares of the stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of $11.69, for a total transaction of $35,070.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Alan W. Jackson acquired 14,000 shares of the firm’s stock in a transaction dated Wednesday, September 26th. The shares were acquired at an average price of $12.50 per share, with a total value of $175,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 50,800 shares of company stock valued at $593,852.
A hedge fund recently bought a new stake in Capital Bancorp stock. Victory Capital Management Inc. bought a new position in Capital Bancorp (NASDAQ:CBNK) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,000 shares of the financial services provider’s stock, valued at approximately $127,000. Victory Capital Management Inc. owned about 0.08% of Capital Bancorp at the end of the most recent reporting period.
About Capital Bancorp
Capital Bancorp, Inc operates as a bank holding company of Capital Bank N.A., which offers personal and commercial banking services. The company was formerly known as Hcnb Bancorp, Inc and changed its name to Capital Bancorp, Inc in May 2004. The company was incorporated in 1998 and is based in Rockville, Maryland.
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