Capital Bancorp, Inc. (NASDAQ:CBNK) Director Randall James Levitt Sells 14,500 Shares

Capital Bancorp, Inc. (NASDAQ:CBNK) Director Randall James Levitt sold 14,500 shares of Capital Bancorp stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.30, for a total transaction of $468,350.00. Following the sale, the director now directly owns 100,000 shares in the company, valued at $3,230,000. The trade was a 12.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Capital Bancorp Stock Down 0.5 %

Shares of CBNK traded down $0.15 during trading hours on Monday, hitting $31.97. The company had a trading volume of 14,238 shares, compared to its average volume of 53,017. Capital Bancorp, Inc. has a 52-week low of $19.02 and a 52-week high of $32.47. The firm has a fifty day moving average price of $29.37 and a 200-day moving average price of $26.91. The stock has a market capitalization of $529.42 million, a price-to-earnings ratio of 15.09 and a beta of 0.50. 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 (NASDAQ:CBNK) last announced its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share (EPS) 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 firm posted $0.65 EPS. On average, equities research analysts forecast that Capital Bancorp, Inc. will post 3.17 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be paid a $0.10 dividend. 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 1.25%. Capital Bancorp’s dividend payout ratio (DPR) is currently 18.78%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CBNK. SG Americas Securities LLC purchased a new stake in shares of Capital Bancorp during the fourth quarter worth about $109,000. Praetorian Wealth Management Inc. bought a new stake in shares of Capital Bancorp during the fourth quarter valued at approximately $205,000. BNP Paribas Financial Markets lifted its holdings in shares of Capital Bancorp by 317.1% in the third quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider’s stock worth $201,000 after buying an additional 5,937 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Capital Bancorp during the third quarter valued at $276,000. Finally, Barclays PLC increased its holdings 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 acquiring an additional 8,918 shares during the last quarter. 56.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their target price on Capital Bancorp from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Friday.

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.