EJF Capital LLC Buys Shares of 417,564 Capital Bancorp Inc (CBNK)

EJF Capital LLC bought a new stake in Capital Bancorp Inc (NASDAQ:CBNK) during the third quarter, HoldingsChannel reports. The firm bought 417,564 shares of the financial services provider’s stock, valued at approximately $5,311,000.

Several other institutional investors also recently modified their holdings of CBNK. Victory Capital Management Inc. acquired a new stake in shares of Capital Bancorp in the 3rd quarter valued at about $127,000. Monashee Investment Management LLC acquired a new stake in shares of Capital Bancorp in the 3rd quarter valued at about $636,000. Banc Funds Co. LLC acquired a new stake in shares of Capital Bancorp in the 3rd quarter valued at about $1,018,000. Wasatch Advisors Inc. acquired a new stake in shares of Capital Bancorp in the 3rd quarter valued at about $1,204,000. Finally, Alliancebernstein L.P. acquired a new stake in shares of Capital Bancorp in the 3rd quarter valued at about $1,908,000. Institutional investors and hedge funds own 16.00% of the company’s stock.

In related news, insider Scot Richard Browning sold 40,800 shares of the stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $11.69, for a total transaction of $476,952.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Edward F. Barry sold 3,000 shares of the stock in a transaction dated Wednesday, September 26th. The stock was sold at an average price of $11.69, for a total transaction of $35,070.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,800 shares of company stock worth $593,852.

CBNK opened at $13.50 on Tuesday. Capital Bancorp Inc has a fifty-two week low of $11.00 and a fifty-two week high of $14.28.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.26 earnings per share for the quarter. The business had revenue of $18.73 million for the quarter. As a group, equities analysts expect that Capital Bancorp Inc will post 1 earnings per share for the current year.

A number of equities research analysts have recently issued reports on CBNK shares. Keefe, Bruyette & Woods started coverage on shares of Capital Bancorp in a research note on Sunday, October 21st. They issued an “outperform” rating and a $16.00 target price on the stock. Stephens started coverage on shares of Capital Bancorp in a research note on Monday, October 22nd. They issued an “overweight” rating and a $14.00 target price on the stock. Hovde Group started coverage on shares of Capital Bancorp in a research note on Monday, October 22nd. They issued a “market perform” rating and a $14.00 target price on the stock. Finally, Sandler O’Neill started coverage on shares of Capital Bancorp in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $14.50 target price on the stock.

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About Capital Bancorp

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.

See Also: Intrinsic Value

Want to see what other hedge funds are holding CBNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Bancorp Inc (NASDAQ:CBNK).

Institutional Ownership by Quarter for Capital Bancorp (NASDAQ:CBNK)

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