Capital Bancorp (NASDAQ:CBNK) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Capital Bancorp, Inc. (NASDAQ:CBNK) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.01 and traded as high as $29.02. Capital Bancorp shares last traded at $29.02, with a volume of 16,850 shares trading hands.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their price target on shares of Capital Bancorp from $28.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Capital Bancorp Stock Up 1.2 %

The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The stock has a 50-day simple moving average of $27.86 and a two-hundred day simple moving average of $25.01. The firm has a market cap of $480.51 million, a PE ratio of 12.45 and a beta of 0.50.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates 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 12.66%. Analysts expect that Capital Bancorp, Inc. will post 2.37 earnings per share for the current year.

Capital Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, November 4th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. Capital Bancorp’s payout ratio is 17.17%.

Insider Activity

In related news, COO Steven M. Poynot purchased 2,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were acquired at an average cost of $25.36 per share, with a total value 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. This trade represents a 79.90 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Dominic C. Canuso acquired 1,000 shares of the stock in a transaction on Monday, November 4th. The stock was bought at an average price 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 of the company’s stock, valued at approximately $51,040. The trade was a 100.00 % increase in their position. The disclosure for this purchase can be found here. 32.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CBNK. Barclays PLC boosted its position in Capital Bancorp by 297.3% during the 3rd quarter. Barclays PLC now owns 11,918 shares of the financial services provider’s stock valued at $306,000 after buying an additional 8,918 shares during the period. State Street Corp boosted its holdings in shares of Capital Bancorp by 0.9% during the third quarter. State Street Corp now owns 175,639 shares of the financial services provider’s stock worth $4,516,000 after purchasing an additional 1,526 shares during the period. Martingale Asset Management L P boosted its holdings in shares of Capital Bancorp by 10.1% during the third quarter. Martingale Asset Management L P now owns 27,369 shares of the financial services provider’s stock worth $704,000 after purchasing an additional 2,511 shares during the period. Fourthstone LLC grew its stake in shares of Capital Bancorp by 104.6% in the third quarter. Fourthstone LLC now owns 51,551 shares of the financial services provider’s stock worth $1,325,000 after purchasing an additional 26,358 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in 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 valued at $201,000 after purchasing an additional 5,937 shares during the period. 56.14% of the stock is owned by hedge funds and other institutional investors.

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.