Jacobs Levy Equity Management Inc. Sells 3,791 Shares of Capital Bancorp, Inc. (NASDAQ:CBNK)

Jacobs Levy Equity Management Inc. cut its holdings in Capital Bancorp, Inc. (NASDAQ:CBNK) by 29.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,995 shares of the financial services provider’s stock after selling 3,791 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Capital Bancorp were worth $231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CBNK. Vanguard Group Inc. grew its stake in shares of Capital Bancorp by 0.9% in the first quarter. Vanguard Group Inc. now owns 437,034 shares of the financial services provider’s stock worth $9,103,000 after purchasing an additional 4,019 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Capital Bancorp by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 59,111 shares of the financial services provider’s stock worth $1,212,000 after purchasing an additional 3,331 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Capital Bancorp by 32.0% in the second quarter. Acadian Asset Management LLC now owns 73,351 shares of the financial services provider’s stock worth $1,502,000 after purchasing an additional 17,784 shares during the last quarter. Wealthspire Advisors LLC bought a new stake in shares of Capital Bancorp in the second quarter worth about $1,577,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Capital Bancorp by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 227,234 shares of the financial services provider’s stock worth $4,658,000 after purchasing an additional 9,461 shares during the last quarter. 56.14% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Steven M. Poynot acquired 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, for a total transaction of $50,720.00. Following the acquisition, the chief operating officer now directly owns 4,503 shares in the company, valued at approximately $114,196.08. The trade was a 79.90 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Dominic C. Canuso acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was purchased 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 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. Company insiders own 32.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

Capital Bancorp Stock Performance

Shares of CBNK opened at $30.49 on Wednesday. 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, Inc. has a one year low of $19.02 and a one year high of $30.59. The company has a 50-day simple moving average of $26.88 and a two-hundred day simple moving average of $24.34. The firm has a market capitalization of $504.91 million, a PE ratio of 13.09 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 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 company had revenue of $59.25 million during the quarter. On average, analysts anticipate that Capital Bancorp, Inc. will post 2.37 EPS for the current fiscal year.

Capital Bancorp Dividend Announcement

The firm also recently announced 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 was Monday, November 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.31%. Capital Bancorp’s payout ratio is 17.17%.

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.