Capital Bancorp (NASDAQ: CBNK – Get a rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday, Zacks.com reports.

According to Zacks, “Capital Bancorp Inc. is a bank holding company for Capital Bank, National Association. Capital Bank, National Association, is a national business-oriented banking association that provides commercial and consumer banking services. The company provides services personal and commercial banking services, as well as cash management, commercial lending, consumer credit, and residential mortgage and real estate lending. Capital Bancorp Inc. is based in Rockville, USA.”

CBNK traded down $0.11 during Friday’s trading, hitting $21.99. 16,626 shares of the company were traded, against an average volume of 17,374. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt ratio of 0.17. Capital Bancorp has a 1-year low of $19.01 and a 1-year high of $28.16. The stock has a 50-day moving average price of $22.57 and a 200-day moving average price of $24.64. The company has a market capitalization of $308.01 million, a P/E ratio of 7.61 and a beta of 0.43.

Capital Bancorp (NASDAQ: CBNK – Get a rating) last released its quarterly earnings data on Wednesday, April 20. The financial services provider reported earnings per share (EPS) of $0.71 for the quarter, beating the consensus estimate of $0.56 by $0.15. Capital Bancorp had a net margin of 23.42% and a return on equity of 20.73%. Analysts expect Capital Bancorp to post earnings per share of 2.75 for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Citigroup Inc. increased its stake in Capital Bancorp by 204.6% in the third quarter. Citigroup Inc. now owns 1,124 shares of the financial services provider worth $27,000 after acquiring 755 additional shares last quarter. BNP Paribas Arbitrage SA increased its stake in Capital Bancorp by 66.6% in the third quarter. BNP Paribas Arbitrage SA now owns 2,226 shares of the financial services provider valued at $54,000 after acquiring 890 additional shares last quarter. Charles Schwab Investment Management Inc. increased its stake in Capital Bancorp by 6.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 20,476 shares of the financial services provider valued at $469,000 after buying 1,237 additional shares in the last quarter. Bank of New York Mellon Corp increased its stake in Capital Bancorp by 7.3% during the third quarter. Bank of New York Mellon Corp now owns 21,678 shares of the financial services provider valued at $522,000 after buying 1,481 additional shares in the last quarter. Finally, Koshinski Asset Management Inc. acquired a new stake in Capital Bancorp during the fourth quarter at a value of $44,000. 46.36% of the shares are currently held by institutional investors and hedge funds.

Capital Bancorp Company Profile (Get a rating)

Capital Bancorp, Inc operates as a bank holding company for Capital Bank, NA which provides various banking products and services to businesses, nonprofits, and entrepreneurs in the United States. It operates through Commercial Banking, Capital Bank Home Loans and OpenSky segments.

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