Investment Analysts’ Weekly Ratings Changes for Capital Bancorp (CBNK)

Capital Bancorp (NASDAQ: CBNK) has recently received a number of price target changes and ratings updates:

  • 8/5/2019 – Capital Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 7/30/2019 – Capital Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 7/22/2019 – Capital Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 7/16/2019 – Capital Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 7/9/2019 – Capital Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 7/3/2019 – Capital Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 6/20/2019 – Capital Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “

CBNK stock traded up $0.12 during trading on Tuesday, hitting $12.75. The company had a trading volume of 221 shares, compared to its average volume of 8,322. The company has a market capitalization of $176.70 million and a price-to-earnings ratio of 12.50. The firm has a 50 day moving average price of $12.22. Capital Bancorp Inc has a fifty-two week low of $10.21 and a fifty-two week 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.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $22.46 million during the quarter. As a group, equities analysts predict that Capital Bancorp Inc will post 1.08 EPS for the current fiscal year.

In related 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 legal filing with the Securities & Exchange Commission, which is accessible 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. Corporate insiders own 39.37% of the company’s stock.

A number of hedge funds have recently made changes to their positions in CBNK. American International Group Inc. acquired a new position in shares of Capital Bancorp in the 4th quarter valued at $48,000. Deutsche Bank AG purchased a new stake in Capital Bancorp in the 4th quarter worth about $95,000. Geode Capital Management LLC purchased a new stake in Capital Bancorp in the 4th quarter worth about $247,000. Pacific Ridge Capital Partners LLC lifted its stake in Capital Bancorp by 30.7% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 189,552 shares of the financial services provider’s stock worth $2,203,000 after acquiring an additional 44,509 shares in the last quarter. Finally, Northern Trust Corp purchased a new stake in Capital Bancorp in the 4th quarter worth about $641,000. 21.95% of the stock is owned by institutional investors and hedge funds.

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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