Fourthstone LLC Boosts Holdings in Capital Bancorp, Inc. (NASDAQ:CBNK)

Fourthstone LLC raised its stake in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) by 138.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 123,178 shares of the financial services provider’s stock after buying an additional 71,627 shares during the period. Capital Bancorp comprises about 0.7% of Fourthstone LLC’s portfolio, making the stock its 27th largest holding. Fourthstone LLC’s holdings in Capital Bancorp were worth $3,511,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Barclays PLC grew its holdings in Capital Bancorp by 297.3% during the third quarter. Barclays PLC now owns 11,918 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 8,918 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Capital Bancorp by 91.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,537 shares of the financial services provider’s stock worth $585,000 after purchasing an additional 9,798 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Capital Bancorp by 31.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 93,993 shares of the financial services provider’s stock worth $2,679,000 after purchasing an additional 22,381 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Capital Bancorp by 68.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,458 shares of the financial services provider’s stock valued at $500,000 after purchasing an additional 7,879 shares in the last quarter. Finally, Belvedere Trading LLC purchased a new position in shares of Capital Bancorp during the 4th quarter valued at approximately $399,000. Institutional investors and hedge funds own 56.14% of the company’s stock.

Insiders Place Their Bets

In other news, Director Randall James Levitt sold 14,500 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.30, for a total transaction of $468,350.00. Following the transaction, the director now directly owns 100,000 shares in the company, valued at $3,230,000. The trade was a 12.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 32.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of Capital Bancorp from $32.00 to $35.00 and gave the company a “market perform” rating in a research report on Friday, February 7th. Hovde Group dropped their target price on Capital Bancorp from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, March 17th.

Capital Bancorp Stock Performance

NASDAQ:CBNK opened at $27.25 on Thursday. The company has a fifty day moving average of $28.99 and a two-hundred day moving average of $28.30. Capital Bancorp, Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $32.88. The stock has a market capitalization of $453.90 million, a PE ratio of 12.79 and a beta of 0.52. 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 (NASDAQ:CBNK) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.26. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.66%. During the same period in the previous year, the business posted $0.65 EPS. As a group, research analysts forecast that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.47%. Capital Bancorp’s payout ratio is currently 18.78%.

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.