Capital Bancorp Price Target Increased by Keefe, Bruyette & Woods

Capital Bancorp (NASDAQ:CBNK) has had its price target raised by analysts at Keefe, Bruyette & Woods from $32.00 to $35.00. This update was included in a research report released on Friday, indicating that the brokerage currently holds a "market perform" rating for the company's stock. The new price target suggests a potential gain of approximately 9.06% from Capital Bancorp's most recent closing price.

On Friday, shares of CBNK saw a slight increase, trading up by $0.01 to reach $32.09. A total of 8,351 shares were traded, which is lower than the company's average trading volume of 44,583 shares. Over the past year, Capital Bancorp's stock has experienced fluctuations, with a 52-week low of $19.02 and a high of $32.24. Currently, the company has a 50-day moving average at $29.30 and a 200-day moving average at $26.82. Capital Bancorp's financial metrics reveal a debt-to-equity ratio of 0.23, a quick ratio of 1.02, and a current ratio of 1.03. The market capitalization of the company stands at $531.43 million, with a price-to-earnings ratio of 15.01 and a beta value of 0.50.

In its most recent quarterly earnings report, Capital Bancorp disclosed earnings per share (EPS) of $0.92, surpassing the consensus estimate of $0.66 by $0.26. The company recorded a net margin of 12.66% and a return on equity of 14.89%. Compared to the previous year, when the EPS was $0.65, the company has shown noticeable improvement. Analysts predict that Capital Bancorp will continue to grow, forecasting EPS of 3.17 for the current fiscal year.

Institutional Investments in Capital Bancorp

Recently, various hedge funds and institutional investors have adjusted their holdings in Capital Bancorp. Notably, Barclays PLC increased its stake in the company by an impressive 297.3% during the third quarter, owning 11,918 shares valued at $306,000 after acquiring an additional 8,918 shares. Similarly, BNP Paribas Financial Markets raised its stake by 317.1%, bringing its total to 7,809 shares worth $201,000 after an increase of 5,937 shares. Wedge Capital Management also enhanced its position with a 31.3% increase, totaling 93,993 shares valued at $2,679,000. Additional investments include a new position by Squarepoint Ops LLC and a 68.0% growth in shares owned by JPMorgan Chase & Co. Overall, institutional investors control 56.14% of Capital Bancorp's stock.

About Capital Bancorp

Capital Bancorp, Inc. is the bank holding company for Capital Bank, N.A., offering a range of banking products and services tailored for businesses, not-for-profit organizations, and entrepreneurs located in Maryland, Virginia, and the District of Columbia. The company operates mainly through its Commercial Banking, Capital Bank Home Loans, and OpenSky segments.

Capital, Bancorp, Target