Capital Bancorp, Inc. (NASDAQ:CBNK) Sees Large Growth in Short Interest

Capital Bancorp, Inc. (NASDAQ:CBNK) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 110,900 shares, an increase of 5.9% from the January 15th total of 104,700 shares. Based on an average daily volume of 56,400 shares, the short-interest ratio is currently 2.0 days. Approximately 1.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their price target on Capital Bancorp from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Friday, February 7th.

Capital Bancorp Stock Up 1.4 %

Shares of NASDAQ:CBNK traded up $0.46 on Tuesday, reaching $32.33. The company had a trading volume of 53,821 shares, compared to its average volume of 52,104. Capital Bancorp has a twelve month low of $19.02 and a twelve month high of $32.47. The stock has a 50-day moving average price of $29.65 and a 200 day moving average price of $27.19. The stock has a market capitalization of $535.32 million, a P/E ratio of 15.18 and a beta of 0.50. 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 (NASDAQ:CBNK) last announced its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.66%. During the same period in the previous year, the company earned $0.65 earnings per share. On average, equities analysts expect that Capital Bancorp will post 3.17 EPS for the current year.

Capital Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, February 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.24%. Capital Bancorp’s dividend payout ratio is presently 18.78%.

Insider Activity at Capital Bancorp

In related news, Director Randall James Levitt sold 14,500 shares of Capital Bancorp stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.30, for a total transaction of $468,350.00. Following the completion of the sale, the director now owns 100,000 shares of the company’s stock, valued at approximately $3,230,000. This trade represents a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 32.50% of the company’s stock.

Hedge Funds Weigh In On Capital Bancorp

Large investors have recently made changes to their positions in the business. Barclays PLC lifted its position in shares of Capital Bancorp by 297.3% during the 3rd quarter. Barclays PLC now owns 11,918 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 8,918 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Capital Bancorp by 317.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 5,937 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Capital Bancorp by 31.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 93,993 shares of the financial services provider’s stock worth $2,679,000 after purchasing an additional 22,381 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Capital Bancorp by 68.0% during the third quarter. JPMorgan Chase & Co. now owns 19,458 shares of the financial services provider’s stock valued at $500,000 after acquiring an additional 7,879 shares during the period. Finally, Salzhauer Michael bought a new position in Capital Bancorp during the fourth quarter valued at about $490,000. Institutional investors and hedge funds own 56.14% of the company’s stock.

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.