Capital Bancorp Inc (NASDAQ:CBNK) has earned an average broker rating score of 1.75 (Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and two have given a strong buy recommendation to the company.
Analysts have set a 1 year consensus price objective of $14.63 for the company, according to Zacks. Zacks has also assigned Capital Bancorp an industry rank of 209 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut Capital Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th.
A number of large investors have recently modified their holdings of CBNK. Deutsche Bank AG purchased a new stake in shares of Capital Bancorp during the fourth quarter worth about $95,000. Geode Capital Management LLC bought a new position in Capital Bancorp during the fourth quarter valued at approximately $247,000. Bronfman E.L. Rothschild L.P. bought a new position in Capital Bancorp during the fourth quarter valued at approximately $2,413,000. American International Group Inc. bought a new position in Capital Bancorp during the fourth quarter valued at approximately $48,000. Finally, Northern Trust Corp bought a new position in Capital Bancorp during the fourth quarter valued at approximately $641,000. Institutional investors and hedge funds own 20.89% of the company’s stock.
Shares of CBNK traded down $0.24 during trading hours on Wednesday, reaching $11.42. The stock had a trading volume of 2,242 shares, compared to its average volume of 7,879. Capital Bancorp has a 12 month low of $10.21 and a 12 month 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 0.15. The stock has a market cap of $164.11 million and a P/E ratio of 11.20.
Capital Bancorp (NASDAQ:CBNK) last issued its earnings results on Friday, February 8th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $18.36 million during the quarter. On average, analysts expect that Capital Bancorp will post 1.09 EPS for the current year.
Capital Bancorp Company Profile
Capital Bancorp, Inc operates as a bank holding company of Capital Bank N.A., which offers personal and commercial banking services. The company was formerly known as Hcnb Bancorp, Inc and changed its name to Capital Bancorp, Inc in May 2004. The company was incorporated in 1998 and is based in Rockville, Maryland.
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