Randall James Levitt Sells 14,500 Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) Stock

Capital Bancorp, Inc. (NASDAQ:CBNK) Director Randall James Levitt sold 14,500 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.30, for a total value of $468,350.00. Following the sale, the director now owns 100,000 shares in the company, valued at approximately $3,230,000. The trade was a 12.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Capital Bancorp Price Performance

Shares of NASDAQ CBNK opened at $32.32 on Wednesday. Capital Bancorp, Inc. has a 1-year low of $19.02 and a 1-year high of $32.47. The firm has a market capitalization of $535.22 million, a P/E ratio of 15.17 and a beta of 0.50. The firm’s 50-day moving average price is $29.47 and its 200-day moving average price is $27.00. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.23.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings results 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 last year, the company earned $0.65 EPS. Equities research analysts anticipate that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.24%. Capital Bancorp’s dividend payout ratio (DPR) is presently 18.78%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased their price target on Capital Bancorp from $32.00 to $35.00 and gave the stock a “market perform” rating in a report on Friday, February 7th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Capital Bancorp by 14.4% during the fourth quarter. Vanguard Group Inc. now owns 558,300 shares of the financial services provider’s stock valued at $15,912,000 after buying an additional 70,420 shares during the last quarter. State Street Corp boosted its stake in Capital Bancorp by 0.9% during the 3rd quarter. State Street Corp now owns 175,639 shares of the financial services provider’s stock valued at $4,516,000 after purchasing an additional 1,526 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in 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 in the last quarter. Empowered Funds LLC increased its holdings in Capital Bancorp by 0.4% during the 4th quarter. Empowered Funds LLC now owns 89,479 shares of the financial services provider’s stock worth $2,550,000 after purchasing an additional 369 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Capital Bancorp by 79.1% in the fourth quarter. American Century Companies Inc. now owns 85,449 shares of the financial services provider’s stock valued at $2,435,000 after purchasing an additional 37,746 shares in the last quarter. Institutional investors and hedge funds own 56.14% of the company’s stock.

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.