Capital Bancorp's Price Target Increased by Keefe, Bruyette & Woods

Capital Bancorp, Inc. (NASDAQ:CBNK) recently received an updated price target from analysts at Keefe, Bruyette & Woods. In a report published on Friday, the analysts raised their price target on the stock from $32.00 to $35.00. They have assigned a "market perform" rating to the shares of this financial services provider.

This new price target suggests that there may be a potential upside of approximately 9.06% from Capital Bancorp's previous closing price.

Performance of Capital Bancorp Shares

On the day of the report, CBNK shares saw a slight increase of $0.01, bringing their trading price to $32.09. A total of 8,351 shares changed hands, which is lower than the average trading volume of 44,583 shares. Over the past year, Capital Bancorp's stock has seen a low of $19.02 and a high of $32.24. Currently, the 50-day moving average stands at $29.30, while the 200-day moving average is at $26.82.

In terms of financial stability, Capital Bancorp has a debt-to-equity ratio of 0.23, along with a quick ratio of 1.02 and a current ratio of 1.03. The company holds a market capitalization of $531.43 million, with a price-to-earnings ratio of 15.01 and a beta of 0.50.

Recent Quarterly Earnings Report

Capital Bancorp last reported its quarterly earnings results on January 27th. During this quarter, the company recorded earnings per share (EPS) of $0.92, significantly surpassing the consensus estimate of $0.66 by $0.26. The company achieved a net margin of 12.66% and a return on equity of 14.89%. In the same quarter last year, Capital Bancorp earnings were $0.65 per share. Analysts forecast that the company will post an EPS of 3.17 for the current fiscal year.

Hedge Fund Activity in Capital Bancorp

There has been noticeable activity among hedge funds and institutional investors concerning Capital Bancorp recently. For instance, 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.

Additionally, BNP Paribas Financial Markets raised its stake by 317.1%, owning 7,809 shares worth $201,000 after adding 5,937 shares in the last quarter. Wedge Capital Management L L P NC also lifted its position by 31.3% in the fourth quarter, now owning 93,993 shares valued at $2,679,000.

Other notable movements include Squarepoint Ops LLC establishing a new position in Capital Bancorp, valued at approximately $304,000, and JPMorgan Chase & Co. increasing its stake by 68.0%, now holding 19,458 shares worth $500,000 after purchasing an additional 7,879 shares. Overall, hedge funds and institutional investors collectively own 56.14% of Capital Bancorp's stock.

About Capital Bancorp

Capital Bancorp, Inc. serves as the bank holding company for Capital Bank, N.A. It provides a range of banking products and services to businesses, not-for-profit associations, and entrepreneurs within Maryland, Virginia, and the District of Columbia. The company operates through various segments, including Commercial Banking, Capital Bank Home Loans, and OpenSky.

Investment Consideration

Before making any investment decisions regarding Capital Bancorp, investors are encouraged to assess the insights provided by leading market analysts, especially since these analysts are currently rating Capital Bancorp as a "Moderate Buy." Evaluating other options may also be beneficial, especially as analysts mention potential alternatives with stronger financial prospects.

Capital, Bancorp, Keefe