Zacks: Brokerages Set $14.63 Price Target for Capital Bancorp Inc (CBNK)

Shares of Capital Bancorp Inc (NASDAQ:CBNK) have earned a consensus broker rating score of 1.75 (Buy) from the four analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and two have given a strong buy recommendation to the company.

Brokers have set a 12-month consensus target price of $14.63 for the company, according to Zacks. Zacks has also assigned Capital Bancorp an industry rank of 187 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research raised Capital Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th.

A number of hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. acquired a new stake in Capital Bancorp during the fourth quarter worth about $48,000. Northern Trust Corp grew its position in Capital Bancorp by 9.2% during the first quarter. Northern Trust Corp now owns 61,341 shares of the financial services provider’s stock worth $713,000 after buying an additional 5,159 shares in the last quarter. Deutsche Bank AG acquired a new stake in Capital Bancorp during the fourth quarter worth about $95,000. Geode Capital Management LLC acquired a new stake in Capital Bancorp during the fourth quarter worth about $247,000. Finally, Glassman Wealth Services acquired a new stake in Capital Bancorp during the fourth quarter worth about $312,000. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:CBNK traded down $0.19 during midday trading on Friday, hitting $11.70. The company’s stock had a trading volume of 1,952 shares, compared to its average volume of 4,522. The company has a market cap of $160.10 million and a P/E ratio of 11.47. Capital Bancorp has a fifty-two week low of $10.21 and a fifty-two week high of $14.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.07 and a current ratio of 1.09.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.01). The firm had revenue of $18.84 million during the quarter. As a group, equities analysts predict that Capital Bancorp will post 1.09 EPS for the current year.

Capital Bancorp Company Profile

Capital Bancorp, Inc operates as the bank holding company for Capital Bank, N.A. that provides various commercial banking products and services to businesses, not-for-profit associations, and entrepreneurs in the United States. The company offers a range of deposit products and services, including various checking and savings accounts, certificates of deposit, money market accounts, debit cards, remote deposit capture services, online and mobile banking services, e-statements, and bank-by-mail and direct deposit services, as well as business accounts, and cash and treasury management services.

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