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

Shares of Capital Bancorp Inc (NASDAQ:CBNK) have been given an average broker rating score of 1.75 (Buy) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company.

Brokers have set a 12 month consensus price target of $14.63 for the company, according to Zacks. Zacks has also given Capital Bancorp an industry rank of 168 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th.

Shares of CBNK traded up $0.09 during trading hours on Wednesday, hitting $12.45. The stock had a trading volume of 294 shares, compared to its average volume of 25,274. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.07 and a current ratio of 1.09. The company has a market capitalization of $169.56 million and a price-to-earnings ratio of 12.21. The stock has a fifty day simple moving average of $12.04. Capital Bancorp has a 12-month low of $10.21 and a 12-month high of $14.28.

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 during the quarter. As a group, sell-side analysts expect that Capital Bancorp will post 1.08 EPS for the current year.

In other news, Director Randall James Levitt sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $11.90, for a total transaction of $178,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 disclosure for this sale can be found here. 39.37% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC acquired a new stake in shares of Capital Bancorp during the fourth quarter valued at about $247,000. Bronfman E.L. Rothschild L.P. acquired a new position in Capital Bancorp in the fourth quarter worth about $2,413,000. Vanguard Group Inc acquired a new position in Capital Bancorp in the third quarter worth about $382,000. American International Group Inc. acquired a new position in Capital Bancorp in the fourth quarter worth about $48,000. Finally, Deutsche Bank AG acquired a new position in Capital Bancorp in the fourth quarter worth about $95,000. Institutional investors own 21.95% 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 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.

See Also: Book Value Per Share – BVPS

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