Capital Bancorp (NASDAQ:CBNK) Upgraded at ValuEngine

ValuEngine upgraded shares of Capital Bancorp (NASDAQ:CBNK) from a strong sell rating to a sell rating in a report published on Wednesday, ValuEngine reports.

Separately, Zacks Investment Research upgraded shares of Capital Bancorp from a sell rating to a hold rating in a research note on Monday, August 5th.

CBNK stock traded down $0.05 during midday trading on Wednesday, hitting $14.30. The company’s stock had a trading volume of 6,800 shares, compared to its average volume of 13,412. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $197.49 million, a P/E ratio of 14.02 and a beta of 0.66. Capital Bancorp has a 52-week low of $10.21 and a 52-week high of $14.50. The firm has a 50-day simple moving average of $13.75 and a 200-day simple moving average of $12.52.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $25.41 million for the quarter. Capital Bancorp had a net margin of 15.32% and a return on equity of 12.89%.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Several institutional investors have recently modified their holdings of CBNK. BlackRock Inc. increased its stake in shares of Capital Bancorp by 30.6% during the second quarter. BlackRock Inc. now owns 375,349 shares of the financial services provider’s stock worth $4,616,000 after acquiring an additional 87,925 shares during the period. Wasatch Advisors Inc. increased its stake in shares of Capital Bancorp by 35.0% during the second quarter. Wasatch Advisors Inc. now owns 334,725 shares of the financial services provider’s stock worth $4,117,000 after acquiring an additional 86,829 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in shares of Capital Bancorp by 18.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 225,329 shares of the financial services provider’s stock worth $2,772,000 after acquiring an additional 35,777 shares during the period. Maltese Capital Management LLC increased its stake in shares of Capital Bancorp by 5.7% during the second quarter. Maltese Capital Management LLC now owns 377,099 shares of the financial services provider’s stock worth $4,638,000 after acquiring an additional 20,264 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of Capital Bancorp during the third quarter worth about $259,000. Institutional investors and hedge funds own 22.59% of the company’s stock.

Capital Bancorp Company Profile

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: Understanding Market Liquidity

To view ValuEngine’s full report, visit ValuEngine’s official website.

Leave a Reply

Your email address will not be published. Required fields are marked *

*