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

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

Capital Bancorp Stock Performance

Shares of Capital Bancorp stock traded up $0.37 during trading hours on Friday, reaching $28.27. The company’s stock had a trading volume of 20,191 shares, compared to its average volume of 34,584. The company’s 50 day simple moving average is $29.83 and its 200 day simple moving average is $27.91. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03. Capital Bancorp has a one year low of $19.02 and a one year high of $32.88. The stock has a market cap of $468.09 million, a P/E ratio of 13.27 and a beta of 0.54.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the company posted $0.65 EPS. As a group, analysts expect that Capital Bancorp will post 3.17 EPS for the current fiscal 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 given a $0.10 dividend. 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 payout ratio is currently 18.78%.

Insider Buying and Selling at Capital Bancorp

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $32.30, for a total transaction of $468,350.00. Following the transaction, the director now directly owns 100,000 shares in the company, valued at $3,230,000. This represents a 12.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 32.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Empowered Funds LLC boosted its stake in Capital Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 89,110 shares of the financial services provider’s stock valued at $2,291,000 after purchasing an additional 4,422 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Capital Bancorp during the 3rd quarter valued at about $276,000. BNP Paribas Financial Markets boosted its stake 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. Fourthstone LLC boosted its stake in Capital Bancorp by 104.6% during the 3rd quarter. Fourthstone LLC now owns 51,551 shares of the financial services provider’s stock valued at $1,325,000 after purchasing an additional 26,358 shares during the period. Finally, Martingale Asset Management L P boosted its stake in Capital Bancorp by 10.1% during the 3rd quarter. Martingale Asset Management L P now owns 27,369 shares of the financial services provider’s stock valued at $704,000 after purchasing an additional 2,511 shares during the period. 56.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their price objective on shares of Capital Bancorp from $32.00 to $35.00 and gave the company a “market perform” rating in a research note on Friday, February 7th.

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.