Capital Bancorp, Inc. (NASDAQ:CBNK) Short Interest Update

Capital Bancorp, Inc. (NASDAQ:CBNK) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 33,800 shares, a growth of 17.0% from the October 31st total of 28,900 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 31,600 shares, the days-to-cover ratio is currently 1.1 days.

Capital Bancorp Trading Up 1.3 %

NASDAQ CBNK traded up $0.38 during mid-day trading on Friday, hitting $28.96. The company’s stock had a trading volume of 28,622 shares, compared to its average volume of 43,841. The firm has a market capitalization of $479.58 million, a P/E ratio of 12.43 and a beta of 0.47. 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 has a 52-week low of $19.02 and a 52-week high of $29.59. The stock’s fifty day simple moving average is $26.24 and its two-hundred day simple moving average is $23.85.

Capital Bancorp (NASDAQ:CBNK) last issued its earnings results on Monday, October 28th. The financial services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). Capital Bancorp had a net margin of 14.49% and a return on equity of 12.66%. The business had revenue of $59.25 million during the quarter. Research analysts expect that Capital Bancorp will post 2.37 EPS for the current year.

Capital Bancorp Dividend Announcement

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

Insider Buying and Selling at Capital Bancorp

In related news, COO Steven M. Poynot purchased 2,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were bought at an average price of $25.36 per share, with a total value of $50,720.00. Following the completion of the purchase, the chief operating officer now directly owns 4,503 shares in the company, valued at approximately $114,196.08. This trade represents a 79.90 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Dominic C. Canuso acquired 1,000 shares of the stock in a transaction dated Monday, November 4th. The shares were bought at an average cost of $25.52 per share, with a total value of $25,520.00. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. 32.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Capital Bancorp

Large investors have recently modified their holdings of the stock. Lazard Asset Management LLC bought a new stake in shares of Capital Bancorp in the 1st quarter valued at approximately $26,000. State Street Corp increased its stake in Capital Bancorp by 0.9% during the third quarter. State Street Corp now owns 175,639 shares of the financial services provider’s stock valued at $4,516,000 after purchasing an additional 1,526 shares during the last quarter. Martingale Asset Management L P raised 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. Bank of New York Mellon Corp lifted its position in shares of Capital Bancorp by 6.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 59,111 shares of the financial services provider’s stock worth $1,212,000 after buying an additional 3,331 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Capital Bancorp by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 437,034 shares of the financial services provider’s stock valued at $9,103,000 after buying an additional 4,019 shares during the period. Institutional investors and hedge funds own 56.14% of the company’s stock.

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.