Capital Bancorp, Inc. (NASDAQ:CBNK) Short Interest Up 50.1% in December

Capital Bancorp, Inc. (NASDAQ:CBNK) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 98,600 shares, a growth of 50.1% from the December 15th total of 65,700 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 50,200 shares, the short-interest ratio is currently 2.0 days.

Analyst Upgrades and Downgrades

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

Capital Bancorp Stock Up 2.3 %

Shares of Capital Bancorp stock traded up $0.64 during trading on Friday, reaching $29.07. The company’s stock had a trading volume of 51,865 shares, compared to its average volume of 49,760. The company has a 50-day simple moving average of $28.70 and a two-hundred day simple moving average of $25.96. Capital Bancorp has a 1-year low of $19.02 and a 1-year high of $31.22. The company has a market cap of $481.40 million, a price-to-earnings ratio of 12.48 and a beta of 0.51. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.23.

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

Capital Bancorp Dividend Announcement

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

Insider Buying and Selling at Capital Bancorp

In related news, CFO Dominic C. Canuso bought 1,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were acquired 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 owns 2,000 shares of the company’s stock, valued at $51,040. The trade was a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Steven M. Poynot purchased 2,000 shares of Capital Bancorp stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of $25.36 per share, with a total value of $50,720.00. Following the completion of the transaction, the chief operating officer now owns 4,503 shares in the company, valued at approximately $114,196.08. This represents a 79.90 % increase in their position. The disclosure for this purchase can be found here. Insiders own 32.50% of the company’s stock.

Institutional Investors Weigh In On Capital Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in CBNK. SG Americas Securities LLC purchased a new position in Capital Bancorp in the 4th quarter worth $109,000. BNP Paribas Financial Markets raised its stake in shares of Capital Bancorp by 317.1% in the third quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 5,937 shares during the last quarter. Praetorian Wealth Management Inc. acquired a new stake in shares of Capital Bancorp during the fourth quarter worth about $205,000. Renaissance Technologies LLC purchased a new stake in Capital Bancorp in the second quarter valued at approximately $256,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Capital Bancorp in the 3rd quarter worth approximately $276,000. 56.14% of the stock is currently owned by institutional investors and hedge funds.

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.