Capital Bancorp, Inc. (NASDAQ:CBNK) Short Interest Up 84.1% in February

Capital Bancorp, Inc. (NASDAQ:CBNKGet Free Report) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 232,900 shares, an increase of 84.1% from the February 13th total of 126,500 shares. Based on an average daily trading volume, of 55,400 shares, the days-to-cover ratio is presently 4.2 days. Currently, 2.0% of the company’s stock are short sold.

Analysts Set New Price Targets

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.

Read Our Latest Stock Report on Capital Bancorp

Capital Bancorp Stock Performance

CBNK traded up $0.37 during trading on Friday, hitting $28.27. The stock had a trading volume of 20,191 shares, compared to its average volume of 34,584. The company has a 50 day moving average price of $29.83 and a 200-day moving average price of $27.91. The firm has a market cap of $468.09 million, a price-to-earnings ratio of 13.27 and a beta of 0.54. Capital Bancorp has a one year low of $19.02 and a one year high of $32.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02.

Capital Bancorp (NASDAQ:CBNKGet Free Report) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 prior year, the firm posted $0.65 earnings per share. As a group, research analysts predict that Capital Bancorp will post 3.17 EPS for the current year.

Capital Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. Capital Bancorp’s dividend payout ratio (DPR) is currently 18.78%.

Insider Activity at Capital Bancorp

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 100,000 shares of the company’s stock, valued at $3,230,000. The trade was a 12.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 32.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Capital Bancorp

A number of institutional investors have recently modified their holdings of CBNK. Picton Mahoney Asset Management raised its holdings in shares of Capital Bancorp by 123.0% during the 4th quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider’s stock worth $32,000 after buying an additional 626 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Capital Bancorp by 194.7% during the 4th quarter. Federated Hermes Inc. now owns 3,528 shares of the financial services provider’s stock worth $101,000 after buying an additional 2,331 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Capital Bancorp during the 4th quarter worth $109,000. Wells Fargo & Company MN raised its holdings in shares of Capital Bancorp by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider’s stock worth $154,000 after buying an additional 1,177 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings 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 buying an additional 5,937 shares in the last quarter. Institutional investors and hedge funds own 56.14% of the company’s stock.

Capital Bancorp Company Profile

(Get Free Report)

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.

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