Insider Selling: Capital Bancorp Inc (NASDAQ:CBNK) EVP Sells 4,000 Shares of Stock

Capital Bancorp Inc (NASDAQ:CBNK) EVP Kathy Yamada sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $11.89, for a total value of $47,560.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of CBNK stock opened at $11.97 on Monday. Capital Bancorp Inc has a 1 year low of $10.21 and a 1 year high of $14.28. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.13. The firm has a market cap of $164.21 million and a PE ratio of 11.74.

Capital Bancorp (NASDAQ:CBNK) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $18.84 million for the quarter. On average, sell-side analysts forecast that Capital Bancorp Inc will post 1.08 earnings per share for the current fiscal year.

Separately, Zacks Investment Research cut Capital Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Capital Bancorp has a consensus rating of “Hold” and a consensus target price of $14.50.

Hedge funds and other institutional investors have recently made changes to their positions in the company. American International Group Inc. bought a new position in Capital Bancorp during the 4th quarter valued at about $48,000. Deutsche Bank AG bought a new position in Capital Bancorp during the 4th quarter valued at about $95,000. Geode Capital Management LLC bought a new position in Capital Bancorp during the 4th quarter valued at about $247,000. Glassman Wealth Services bought a new position in Capital Bancorp during the 4th quarter valued at about $312,000. Finally, Vanguard Group Inc. bought a new position in Capital Bancorp during the 3rd quarter valued at about $382,000. Hedge funds and other institutional investors own 21.95% of the company’s stock.

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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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Insider Buying and Selling by Quarter for Capital Bancorp (NASDAQ:CBNK)

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