Los Angeles Capital Management LLC Sells 2,210 Shares of Capital Bancorp, Inc. (NASDAQ:CBNK)

Los Angeles Capital Management LLC cut its stake in Capital Bancorp, Inc. (NASDAQ:CBNK) by 10.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,056 shares of the financial services provider’s stock after selling 2,210 shares during the period. Los Angeles Capital Management LLC owned about 0.14% of Capital Bancorp worth $458,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Capital Bancorp by 1.2% in the second quarter. State Street Corp now owns 131,626 shares of the financial services provider’s stock worth $2,692,000 after purchasing an additional 1,615 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in shares of Capital Bancorp by 0.6% in the second quarter. Pacific Ridge Capital Partners LLC now owns 344,478 shares of the financial services provider’s stock worth $7,045,000 after purchasing an additional 1,905 shares during the last quarter. Morgan Stanley grew its holdings in shares of Capital Bancorp by 9.3% in the second quarter. Morgan Stanley now owns 24,968 shares of the financial services provider’s stock worth $510,000 after purchasing an additional 2,129 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Capital Bancorp by 3.3% in the second quarter. Geode Capital Management LLC now owns 149,058 shares of the financial services provider’s stock worth $3,048,000 after purchasing an additional 4,711 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Capital Bancorp in the third quarter worth about $128,000. Hedge funds and other institutional investors own 32.04% of the company’s stock.

Separately, Zacks Investment Research cut shares of Capital Bancorp from a “buy” rating to a “hold” rating in a report on Monday, December 27th.

In other Capital Bancorp news, Director Stephen N. Ashman sold 15,565 shares of the stock in a transaction dated Monday, November 1st. The shares were sold at an average price of $25.96, for a total transaction of $404,067.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen N. Ashman sold 4,485 shares of the stock in a transaction dated Wednesday, October 27th. The shares were sold at an average price of $26.01, for a total transaction of $116,654.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,826 shares of company stock worth $1,602,008. 41.79% of the stock is owned by company insiders.

Shares of Capital Bancorp stock opened at $26.69 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.00 and a quick ratio of 0.98. Capital Bancorp, Inc. has a 1 year low of $13.81 and a 1 year high of $28.16. The firm’s 50-day moving average is $26.55 and its two-hundred day moving average is $24.09. The stock has a market cap of $370.14 million, a price-to-earnings ratio of 9.43 and a beta of 0.44.

Capital Bancorp (NASDAQ:CBNK) last issued its earnings results on Sunday, October 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.21. Capital Bancorp had a net margin of 22.29% and a return on equity of 21.93%. The company had revenue of $44.66 million for the quarter, compared to analysts’ expectations of $39.40 million. On average, equities analysts expect that Capital Bancorp, Inc. will post 2.62 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 30th. Shareholders of record on Monday, November 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Friday, November 12th. Capital Bancorp’s payout ratio is 7.07%.

Capital Bancorp Company Profile

Capital Bancorp, Inc is a holding company, which engages in the provision of commercial and consumer banking services through its subsidiary Capital Bank, NA. It operates through the following segments: Commercial Banking, Capital Bank Home Loans, OpenSky, and Corporate. The Commercial Banking segment provides personalized service to commercial clients throughout the Washington, DC and Baltimore metropolitan areas.

Featured Article: How can investors invest in the Euro STOXX 50 Index?

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

Receive News & Ratings for Capital Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.