Capital Bancorp, Inc. (NASDAQ:CBNK) Stake Decreased by Jane Street Group LLC

Jane Street Group LLC lessened its holdings in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) by 13.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,826 shares of the financial services provider’s stock after selling 1,399 shares during the period. Jane Street Group LLC’s holdings in Capital Bancorp were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CBNK. State Street Corp increased its stake in shares of 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 period. Martingale Asset Management L P increased its stake 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 valued at $704,000 after acquiring an additional 2,511 shares during the period. Fourthstone LLC increased its stake in shares of Capital Bancorp by 104.6% during the third quarter. Fourthstone LLC now owns 51,551 shares of the financial services provider’s stock valued at $1,325,000 after acquiring an additional 26,358 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Capital Bancorp by 317.1% during the third quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 5,937 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Capital Bancorp during the third quarter valued at approximately $276,000. Institutional investors own 56.14% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, COO Steven M. Poynot acquired 2,000 shares of the stock in a transaction on Friday, November 1st. The shares were purchased at an average cost of $25.36 per share, for a total transaction of $50,720.00. Following the transaction, the chief operating officer now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dominic C. Canuso acquired 1,000 shares of the stock in a transaction on Monday, November 4th. The shares were purchased 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 owns 2,000 shares in the company, valued at approximately $51,040. This represents a 100.00 % increase in their position. The disclosure for this purchase can be found here. 32.50% of the stock is currently owned by company insiders.

Capital Bancorp Trading Down 2.9 %

Capital Bancorp stock opened at $26.76 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. The firm has a market cap of $443.09 million, a price-to-earnings ratio of 11.49 and a beta of 0.51. Capital Bancorp, Inc. has a 1 year low of $19.02 and a 1 year high of $31.22. The firm’s 50 day moving average price is $28.64 and its two-hundred day moving average price is $25.73.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02). The business 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%. On average, research analysts predict that Capital Bancorp, Inc. 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. Shareholders of record on Monday, November 4th were given a $0.10 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.40 annualized dividend and a yield of 1.49%. Capital Bancorp’s dividend payout ratio (DPR) is 17.17%.

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.