2 weeks Ago By ABMN Staff
Federated Hermes Inc. raised its holdings in shares of Capital Bancorp, Inc. ( NASDAQ:CBNK – Free Report ) by 194.
7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,528 shares of the financial services provider’s stock after acquiring an additional 2,331 shares during the quarter. Federated Hermes Inc.
’s holdings in Capital Bancorp were worth $101,000 at the end of the most recent quarter. Other large investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.
P. lifted its holdings in Capital Bancorp by 70.4% in the 4th quarter.
Alliancebernstein L.P. now owns 614,473 shares of the financial services provider’s stock worth $17,512,000 after purchasing an additional 253,819 shares during the last quarter.
Vanguard Group Inc. grew its holdings in shares of Capital Bancorp by 14.4% during the 4th quarter.
Vanguard Group Inc. now owns 558,300 shares of the financial services provider’s stock worth $15,912,000 after purchasing an additional 70,420 shares in the last quarter. Geode Capital Management LLC increased its holdings in Capital Bancorp by 15.
9% in the 4th quarter. Geode Capital Management LLC now owns 240,893 shares of the financial services provider’s stock valued at $6,867,000 after buying an additional 33,009 shares during the period. State Street Corp raised its position in Capital Bancorp by 0.
9% in the third quarter. State Street Corp now owns 175,639 shares of the financial services provider’s stock worth $4,516,000 after purchasing an additional 1,526 shares in the last quarter. Finally, Russell Investments Group Ltd.
raised its holdings in shares of Capital Bancorp by 8.1% in the 4th quarter. Russell Investments Group Ltd.
now owns 107,119 shares of the financial services provider’s stock worth $3,053,000 after buying an additional 8,044 shares in the last quarter. Institutional investors and hedge funds own 56.14% of the company’s stock.
Insider Buying and Selling In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $32.30, for a total transaction of $468,350.
00. Following the sale, the director now directly owns 100,000 shares of the company’s stock, valued at approximately $3,230,000. This represents a 12.
66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink . 32.
50% of the stock is currently owned by corporate insiders. Capital Bancorp Stock Up 1.4 % Capital Bancorp ( NASDAQ:CBNK – Get Free Report ) last posted its earnings results on Monday, January 27th.
The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.
26. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.
66%. During the same quarter in the previous year, the business posted $0.65 earnings per share.
Analysts expect that Capital Bancorp, Inc. will post 3.17 EPS for the current year.
Capital Bancorp Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were paid a $0.10 dividend.
This represents a $0.40 annualized dividend and a yield of 1.45%.
The ex-dividend date of this dividend was Monday, February 10th. Capital Bancorp’s payout ratio is 18.78%.
Wall Street Analyst Weigh In A number of research analysts have recently issued reports on the stock. Hovde Group cut their target price on shares of Capital Bancorp from $36.00 to $34.
00 and set an “outperform” rating for the company in a research note on Monday, March 17th. Keefe, Bruyette & Woods raised their target price on shares of Capital Bancorp from $32.00 to $35.
00 and gave the company a “market perform” rating in a research note on Friday, February 7th. Get Our Latest Stock Report on Capital Bancorp Capital Bancorp Profile ( 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. Further Reading Receive News & Ratings for Capital Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Bancorp and related companies with MarketBeat.
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