HighPoint Advisor Group LLC Makes New Investment in Capital Bancorp, Inc. (NASDAQ:CBNK)

HighPoint Advisor Group LLC acquired a new stake in Capital Bancorp, Inc. (NASDAQ:CBNK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,798 shares of the financial services provider’s stock, valued at approximately $1,191,000. HighPoint Advisor Group LLC owned 0.25% of Capital Bancorp at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CBNK. Alliancebernstein L.P. lifted its position in Capital Bancorp by 70.4% during the fourth quarter. Alliancebernstein L.P. now owns 614,473 shares of the financial services provider’s stock worth $17,512,000 after acquiring an additional 253,819 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Capital Bancorp by 14.4% during the 4th quarter. Vanguard Group Inc. now owns 558,300 shares of the financial services provider’s stock worth $15,912,000 after purchasing an additional 70,420 shares during the last quarter. State Street Corp lifted its holdings in Capital Bancorp by 0.9% during the 3rd 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 last quarter. Wedge Capital Management L L P NC boosted its stake in Capital Bancorp by 31.3% in the 4th quarter. Wedge Capital Management L L P NC now owns 93,993 shares of the financial services provider’s stock valued at $2,679,000 after purchasing an additional 22,381 shares during the period. Finally, Empowered Funds LLC grew its holdings in Capital Bancorp by 0.4% in the 4th quarter. Empowered Funds LLC now owns 89,479 shares of the financial services provider’s stock valued at $2,550,000 after buying an additional 369 shares in the last quarter. Institutional investors and hedge funds own 56.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CBNK shares. Hovde Group reduced their target price on shares of Capital Bancorp from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Monday, March 17th. Keefe, Bruyette & Woods increased their target price on shares of 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 Performance

NASDAQ:CBNK opened at $28.23 on Wednesday. The company has a market cap of $470.14 million, a price-to-earnings ratio of 13.25 and a beta of 0.54. Capital Bancorp, Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $32.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03. The stock has a fifty day moving average price of $29.99 and a 200-day moving average price of $28.24.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate 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 previous year, the business earned $0.65 earnings per share. As a group, equities analysts anticipate that Capital Bancorp, Inc. will post 3.17 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.42%. Capital Bancorp’s dividend payout ratio (DPR) is 18.78%.

Insider Buying and Selling at Capital Bancorp

In related news, Director Randall James Levitt sold 14,500 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.30, for a total value of $468,350.00. Following the sale, the director now directly owns 100,000 shares of the company’s stock, valued at $3,230,000. This trade represents a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 32.50% 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.