Capital Bancorp (NASDAQ:CBNK) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.17 and traded as high as $29.11. Capital Bancorp shares last traded at $28.15, with a volume of 52,115 shares traded.

Wall Street Analyst Weigh In

CBNK has been the topic of several research reports. Keefe, Bruyette & Woods raised their target price on shares of Capital Bancorp from $25.00 to $27.00 and gave the stock a “market perform” rating in a report on Tuesday, July 23rd. Hovde Group raised their target price on shares of Capital Bancorp from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th.

Capital Bancorp Stock Performance

The business’s fifty day moving average price is $25.50 and its two-hundred day moving average price is $23.17. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a market capitalization of $391.57 million, a P/E ratio of 12.08 and a beta of 0.47.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.02). The firm had revenue of $59.25 million for the quarter. Capital Bancorp had a net margin of 14.49% and a return on equity of 12.90%. As a group, sell-side analysts forecast that Capital Bancorp, Inc. will post 2.37 earnings per share for the current year.

Capital Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, November 4th will be paid a $0.10 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.42%. Capital Bancorp’s dividend payout ratio is currently 17.17%.

Insiders Place Their Bets

In related news, COO Steven M. Poynot bought 2,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were acquired at an average cost of $25.36 per share, for a total transaction of $50,720.00. Following the purchase, the chief operating officer now directly owns 4,503 shares of the company’s stock, valued at approximately $114,196.08. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Capital Bancorp news, COO Steven M. Poynot purchased 2,000 shares of the stock in a transaction dated Friday, November 1st. The stock was purchased at an average price of $25.36 per share, with a total value of $50,720.00. Following the transaction, the chief operating officer now owns 4,503 shares of the company’s stock, valued at approximately $114,196.08. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dominic C. Canuso purchased 1,000 shares of the stock in a transaction dated Monday, November 4th. The stock was acquired at an average cost of $25.52 per share, with a total value of $25,520.00. Following the transaction, the chief financial officer now directly owns 2,000 shares in the company, valued at approximately $51,040. This trade represents a 100.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 32.50% of the company’s stock.

Institutional Investors Weigh In On Capital Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in Capital Bancorp during the 1st quarter valued at approximately $26,000. BNP Paribas Financial Markets increased its stake in Capital Bancorp by 80.9% during the 1st quarter. BNP Paribas Financial Markets now owns 4,942 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 2,210 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Capital Bancorp during the 2nd quarter valued at approximately $256,000. Janney Montgomery Scott LLC increased its stake in Capital Bancorp by 4.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,200 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 575 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Capital Bancorp during the 3rd quarter valued at approximately $276,000. Hedge funds and other institutional investors 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.