Zacks Investment Research Downgrades Capital Bancorp (CBNK) to Sell

Zacks Investment Research cut shares of Capital Bancorp (NASDAQ:CBNK) from a hold rating to a sell rating in a report issued on Monday.

According to Zacks, “Capital Bancorp Inc. is a bank holding company for Capital Bank, National Association. Capital Bank, National Association, is a commercial-focused national banking association which offers commercial and consumer banking services. The Company offers personal and commercial banking services, as well as cash management, commercial lending, consumer credit and residential mortgage and home loans. Capital Bancorp Inc. is based in Rockville, United States. “

Separately, Sandler O’Neill downgraded shares of Capital Bancorp from a buy rating to a hold rating and set a $14.00 price objective for the company. in a research report on Tuesday, December 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $14.50.

Shares of Capital Bancorp stock opened at $11.10 on Monday. The firm has a market cap of $150.43 million and a price-to-earnings ratio of 10.88. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.30. Capital Bancorp has a one year low of $10.21 and a one year high of $14.28.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings data on Friday, February 8th. The financial services provider reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The firm had revenue of $18.36 million for the quarter. On average, equities research analysts forecast that Capital Bancorp will post 1.09 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the business. American International Group Inc. purchased a new position in Capital Bancorp during the 4th quarter worth $48,000. Victory Capital Management Inc. purchased a new position in Capital Bancorp during the 3rd quarter worth $127,000. Geode Capital Management LLC purchased a new position in Capital Bancorp during the 4th quarter worth $247,000. Glassman Wealth Services purchased a new position in Capital Bancorp during the 4th quarter worth $312,000. Finally, Vanguard Group Inc purchased a new position in shares of Capital Bancorp in the 3rd quarter valued at about $382,000. Institutional investors own 21.15% of the company’s stock.

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.

Further Reading: The Discount Rate – What You Need to Know

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