Picton Mahoney Asset Management Has $32,000 Stake in Capital Bancorp, Inc. (NASDAQ:CBNK)

Picton Mahoney Asset Management grew its stake in Capital Bancorp, Inc. (NASDAQ:CBNK) by 123.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,135 shares of the financial services provider’s stock after purchasing an additional 626 shares during the period. Picton Mahoney Asset Management’s holdings in Capital Bancorp were worth $32,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Capital Bancorp in the 4th quarter worth about $109,000. BNP Paribas Financial Markets grew its holdings 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 worth $201,000 after purchasing an additional 5,937 shares during the last quarter. Praetorian Wealth Management Inc. acquired a new position in shares of Capital Bancorp in the fourth quarter valued at approximately $205,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Capital Bancorp in the 3rd quarter valued at approximately $276,000. Finally, Barclays PLC boosted its position in Capital Bancorp by 297.3% during the 3rd quarter. Barclays PLC now owns 11,918 shares of the financial services provider’s stock worth $306,000 after buying an additional 8,918 shares during the period. 56.14% of the stock is owned by institutional investors.

Capital Bancorp Stock Performance

NASDAQ:CBNK opened at $28.46 on Tuesday. 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 fifty-two week low of $19.02 and a fifty-two week high of $32.88. The company has a 50 day simple moving average of $29.85 and a two-hundred day simple moving average of $27.95. The company has a market capitalization of $471.24 million, a PE ratio of 13.36 and a beta of 0.54.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.26. Capital Bancorp had a net margin of 12.66% and a return on equity of 14.89%. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Research analysts anticipate that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Capital Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Monday, February 10th. Capital Bancorp’s dividend payout ratio is 18.78%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Hovde Group dropped their price target on shares of Capital Bancorp from $36.00 to $34.00 and set an “outperform” rating for the company in a research note on Monday. Keefe, Bruyette & Woods raised their target price on Capital Bancorp from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Friday, February 7th.

Insider Activity at Capital Bancorp

In other news, Director Randall James Levitt sold 14,500 shares of Capital Bancorp stock in a transaction on Friday, February 7th. The shares were sold at an average price of $32.30, for a total value of $468,350.00. Following the completion of the sale, the director now owns 100,000 shares in the company, valued at $3,230,000. The trade was a 12.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 32.50% of the stock is owned by corporate insiders.

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.