Capital Bancorp, Inc. (NASDAQ:CBNK) Sees Significant Growth in Short Interest

Capital Bancorp, Inc. (NASDAQ:CBNK) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 36,700 shares, a growth of 8.6% from the November 15th total of 33,800 shares. Based on an average daily trading volume, of 38,200 shares, the short-interest ratio is presently 1.0 days. Approximately 0.3% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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

Capital Bancorp Stock Performance

Shares of CBNK traded up $0.13 during trading hours on Monday, hitting $30.79. The company had a trading volume of 27,465 shares, compared to its average volume of 27,562. Capital Bancorp has a 12 month low of $19.02 and a 12 month high of $31.12. The business has a fifty day moving average of $27.24 and a 200-day moving average of $24.56. 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 firm has a market cap of $509.82 million, a price-to-earnings ratio of 13.24 and a beta of 0.50.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings data 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 firm had revenue of $59.25 million during the quarter. Equities analysts anticipate that Capital Bancorp will post 2.37 EPS for the current fiscal year.

Capital Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, November 4th were issued a dividend of $0.10 per share. 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 1.30%. Capital Bancorp’s dividend payout ratio (DPR) is currently 17.17%.

Insiders Place Their Bets

In other news, COO Steven M. Poynot acquired 2,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was purchased at an average cost of $25.36 per share, with a total value of $50,720.00. Following the acquisition, the chief operating officer now owns 4,503 shares of the company’s stock, valued at $114,196.08. This trade represents a 79.90 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Dominic C. Canuso purchased 1,000 shares of Capital Bancorp stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $25.52 per share, for a total transaction of $25,520.00. Following the completion of the transaction, the chief financial officer now directly owns 2,000 shares in the company, valued at $51,040. The trade was a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 32.50% of the company’s stock.

Institutional Trading of Capital Bancorp

Several large investors have recently bought and sold shares of CBNK. Dimensional Fund Advisors LP grew its position in Capital Bancorp by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 227,234 shares of the financial services provider’s stock worth $4,658,000 after acquiring an additional 9,461 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in shares of Capital Bancorp by 14.3% during the second quarter. Pacific Ridge Capital Partners LLC now owns 208,364 shares of the financial services provider’s stock worth $4,271,000 after purchasing an additional 26,091 shares during the last quarter. State Street Corp raised its holdings in Capital Bancorp by 0.9% in the 3rd quarter. State Street Corp now owns 175,639 shares of the financial services provider’s stock valued at $4,516,000 after buying an additional 1,526 shares during the last quarter. Empowered Funds LLC raised its holdings in Capital Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 89,110 shares of the financial services provider’s stock valued at $2,291,000 after buying an additional 4,422 shares during the last quarter. Finally, Kendall Capital Management acquired a new stake in Capital Bancorp during the 2nd quarter worth approximately $1,664,000. 56.14% of the stock is owned by institutional investors and hedge funds.

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.