Capital Bancorp (NASDAQ:CBNK) Stock Crosses Above 200-Day Moving Average of $12.87

Shares of Capital Bancorp Inc (NASDAQ:CBNK) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.87 and traded as high as $14.44. Capital Bancorp shares last traded at $14.37, with a volume of 104 shares changing hands.

Separately, ValuEngine raised shares of Capital Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 6th.

The stock has a market cap of $205.76 million, a PE ratio of 14.04 and a beta of 0.66. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.07 and a current ratio of 1.13. The company’s 50-day moving average price is $14.20 and its 200 day moving average price is $12.87.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The firm had revenue of $25.41 million for the quarter. Capital Bancorp had a net margin of 15.32% and a return on equity of 12.65%.

In other news, Director Michael Joseph Burke sold 4,000 shares of Capital Bancorp stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $14.70, for a total transaction of $58,800.00. 39.37% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC raised its position in Capital Bancorp by 299.7% in the second quarter. Acadian Asset Management LLC now owns 6,487 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 4,864 shares during the period. Rhumbline Advisers raised its position in Capital Bancorp by 10.1% in the third quarter. Rhumbline Advisers now owns 11,108 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 1,022 shares during the period. Charles Schwab Investment Management Inc. raised its position in Capital Bancorp by 31.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 16,489 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 3,969 shares during the period. First Trust Advisors LP purchased a new stake in Capital Bancorp in the third quarter valued at approximately $259,000. Finally, Northern Trust Corp raised its position in Capital Bancorp by 5.0% in the second quarter. Northern Trust Corp now owns 64,394 shares of the financial services provider’s stock valued at $792,000 after purchasing an additional 3,053 shares during the period. 22.79% of the stock is currently owned by institutional investors.

About Capital Bancorp (NASDAQ:CBNK)

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.

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