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.
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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