Capital Bancorp, Inc. (NASDAQ:CBNK) Sees Significant Decline in Short Interest

by · The Markets Daily

Capital Bancorp, Inc. (NASDAQ:CBNK – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 28,700 shares, a drop of 90.3% from the September 30th total of 296,600 shares. Based on an average trading volume of 25,500 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.3% of the shares of the stock are sold short.

Analyst Ratings Changes

Several equities research analysts have weighed in on CBNK shares. Hovde Group raised their price objective on shares of Capital Bancorp from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their price target on shares of Capital Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a report on Tuesday, July 23rd.

Get Our Latest Stock Analysis on CBNK

Insider Buying and Selling at Capital Bancorp

In other news, Director Mary Ann Scully purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was purchased at an average cost of $25.14 per share, with a total value of $50,280.00. Following the acquisition, the director now directly owns 13,536 shares of the company’s stock, valued at approximately $340,295.04. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 32.50% of the company’s stock.

Institutional Trading of Capital Bancorp

A number of institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its position in shares of Capital Bancorp by 80.9% in the 1st quarter. BNP Paribas Financial Markets now owns 4,942 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 2,210 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Capital Bancorp by 4.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,200 shares of the financial services provider’s stock worth $275,000 after buying an additional 575 shares during the period. Empowered Funds LLC grew its position in shares of Capital Bancorp by 8.1% during the 1st quarter. Empowered Funds LLC now owns 82,066 shares of the financial services provider’s stock worth $1,709,000 after buying an additional 6,125 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Capital Bancorp by 3.5% in the 1st quarter. Russell Investments Group Ltd. now owns 101,302 shares of the financial services provider’s stock valued at $2,110,000 after acquiring an additional 3,454 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Capital Bancorp by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 437,034 shares of the financial services provider’s stock valued at $9,103,000 after acquiring an additional 4,019 shares during the period. Institutional investors and hedge funds own 56.14% of the company’s stock.

Capital Bancorp Trading Down 1.4 %

Shares of NASDAQ CBNK traded down $0.35 during mid-day trading on Friday, hitting $24.12. The company’s stock had a trading volume of 17,728 shares, compared to its average volume of 23,698. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a market cap of $335.08 million, a price-to-earnings ratio of 10.31 and a beta of 0.47. The company’s fifty day simple moving average is $25.02 and its 200-day simple moving average is $22.49. Capital Bancorp has a one year low of $19.02 and a one year high of $26.20.

Capital Bancorp Company Profile

(Get Free Report)

Capital Bancorp, Inc operates as the bank holding company for Capital Bank, N.A. that provides various banking products and services to businesses, not-for-profit associations, and entrepreneurs in Maryland, Virginia, and the District of Columbia. It operates through Commercial Banking, Capital Bank Home Loans, and OpenSky segments.

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