Capital Bancorp (CBNK) Stock Rating Upgraded by Zacks Investment Research

Capital Bancorp (NASDAQ:CBNK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

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. “

Several other brokerages have also recently issued reports on CBNK. Sandler O’Neill cut shares of Capital Bancorp from a “buy” rating to a “hold” rating and set a $14.00 price objective on the stock. in a research note on Tuesday, December 4th. Stephens began coverage on shares of Capital Bancorp in a research note on Monday, October 22nd. They issued an “overweight” rating and a $14.00 price objective on the stock. Hovde Group began coverage on shares of Capital Bancorp in a research note on Monday, October 22nd. They issued a “market perform” rating and a $14.00 price objective on the stock. Finally, Keefe, Bruyette & Woods began coverage on shares of Capital Bancorp in a research note on Sunday, October 21st. They issued an “outperform” rating and a $16.00 price objective on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Capital Bancorp presently has a consensus rating of “Buy” and a consensus target price of $14.50.

Shares of CBNK traded up $0.22 during mid-day trading on Thursday, hitting $12.12. The company’s stock had a trading volume of 9,000 shares, compared to its average volume of 19,600. 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 fifty-two week low of $10.21 and a fifty-two week high of $14.28.

Institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new position in shares of Capital Bancorp in the 3rd quarter worth approximately $127,000. Glassman Wealth Services acquired a new position in shares of Capital Bancorp in the 4th quarter worth approximately $312,000. Vanguard Group Inc acquired a new position in shares of Capital Bancorp in the 3rd quarter worth approximately $382,000. Vanguard Group Inc. acquired a new position in shares of Capital Bancorp in the 3rd quarter worth approximately $382,000. Finally, Southside Capital LLC acquired a new position in shares of Capital Bancorp in the 4th quarter worth approximately $540,000. 16.01% of the stock is currently owned by institutional investors.

Capital Bancorp Company Profile

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.

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