Capital Bancorp (NASDAQ:CBNK) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Capital Bancorp (NASDAQ:CBNK) from a hold rating to a sell rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Capital Bancorp Inc. is a bank holding company for Capital Bank, National Association. Capital Bank, National Association, is a commercial-focused national banking association which offers commercial and consumer banking services. The Company offers personal and commercial banking services, as well as cash management, commercial lending, consumer credit and residential mortgage and home loans. Capital Bancorp Inc. is based in Rockville, United States. “

NASDAQ:CBNK traded down $0.38 during mid-day trading on Tuesday, reaching $12.33. The company’s stock had a trading volume of 406 shares, compared to its average volume of 6,691. Capital Bancorp has a 1 year low of $10.21 and a 1 year high of $14.28. The business’s fifty day simple moving average is $12.16. The stock has a market capitalization of $169.17 million and a price-to-earnings ratio of 12.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.09 and a quick ratio of 1.07.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. Capital Bancorp had a net margin of 15.19% and a return on equity of 12.34%. The company had revenue of $22.46 million during the quarter. As a group, equities analysts forecast that Capital Bancorp will post 1.08 earnings per share for the current year.

In other Capital Bancorp news, EVP Kathy Yamada sold 4,000 shares of the business’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 Securities & Exchange Commission, which can be accessed through this link. Also, Director Randall James Levitt sold 15,000 shares of the business’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 disclosure for this sale can be found here. 39.37% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. American International Group Inc. bought a new position in Capital Bancorp in the fourth quarter worth about $48,000. Deutsche Bank AG acquired a new position in shares of Capital Bancorp during the fourth quarter valued at about $95,000. Geode Capital Management LLC acquired a new position in shares of Capital Bancorp during the fourth quarter valued at about $247,000. Northern Trust Corp acquired a new position in shares of Capital Bancorp during the fourth quarter valued at about $641,000. Finally, Planning Solutions Group LLC acquired a new position in shares of Capital Bancorp during the first quarter valued at about $683,000. Institutional investors and hedge funds 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.

Further Reading: Fundamental Analysis

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