Capital Bancorp (NASDAQ:CBNK) posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01), Bloomberg Earnings reports. The firm had revenue of $18.84 million for the quarter.
Shares of Capital Bancorp stock traded down $0.05 during mid-day trading on Friday, hitting $11.69. The stock had a trading volume of 5,900 shares, compared to its average volume of 10,596. Capital Bancorp has a 12-month low of $10.21 and a 12-month high of $14.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.09 and a quick ratio of 1.07. The stock has a market cap of $160.99 million and a price-to-earnings ratio of 11.46.
An institutional investor recently bought a new position in Capital Bancorp stock. Geode Capital Management LLC acquired a new position in shares of Capital Bancorp Inc (NASDAQ:CBNK) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 21,684 shares of the financial services provider’s stock, valued at approximately $247,000. Geode Capital Management LLC owned 0.16% of Capital Bancorp as of its most recent filing with the SEC. Hedge funds and other institutional investors own 18.76% of the company’s stock.
Capital Bancorp Company Profile
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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