Barclays PLC Purchases 8,918 Shares of Capital Bancorp, Inc. (NASDAQ:CBNK)

Barclays PLC grew its position in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) by 297.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 11,918 shares of the financial services provider’s stock after acquiring an additional 8,918 shares during the period. Barclays PLC’s holdings in Capital Bancorp were worth $306,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. State Street Corp grew its position 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 acquiring an additional 1,526 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of Capital Bancorp by 10.1% in 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 in the last quarter. Fourthstone LLC grew its holdings in shares of 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 last quarter. BNP Paribas Financial Markets raised its position in Capital Bancorp by 317.1% in the 3rd 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 period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Capital Bancorp in the third quarter worth $276,000. 56.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Capital Bancorp Stock Up 0.1 %

Shares of Capital Bancorp stock opened at $28.03 on Friday. 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, Inc. has a 52-week low of $19.02 and a 52-week high of $31.22. The company’s 50 day moving average price is $28.44 and its 200-day moving average price is $25.46. The stock has a market capitalization of $464.12 million, a price-to-earnings ratio of 12.03 and a beta of 0.51.

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

Capital Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors 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 yield of 1.43%. 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 firm’s stock in a transaction that occurred on 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 purchase, the chief operating officer now directly owns 4,503 shares in the company, valued at approximately $114,196.08. This represents a 79.90 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Dominic C. Canuso acquired 1,000 shares of the stock in a transaction on Monday, November 4th. The stock was bought at an average price of $25.52 per share, with a total value of $25,520.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,000 shares of the company’s stock, valued at $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 currently owned by corporate insiders.

Capital Bancorp 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.