28-Mar-2024
Business Wire (Thu, 28-Mar 9:21 AM ET)
Capital Bancorp to acquire Integrated Financial Holdings for $66M
Seeking Alpha News (Thu, 28-Mar 8:34 AM ET)
Capital Bancorp to acquire Integrated Financial in a $66M deal
Seeking Alpha News (Thu, 28-Mar 8:16 AM ET)
Capital Bancorp, Inc. Announces Acquisition of Integrated Financial Holdings, Inc.
Globe Newswire (Thu, 28-Mar 6:45 AM ET)
OpenSky Partners with The Balancing Act on Lifetime TV to Empower Women Through Financial Wellness
Globe Newswire (Mon, 12-Feb 11:19 AM ET)
Capital Bancorp, Inc. Reports Fourth Quarter 2023 Net Income of $9.0 million, or $0.65 per share
Globe Newswire (Mon, 22-Jan 4:10 PM ET)
Capital Bancorp Inc is a bank holding company. The company through its holdings operates as a commercial-focused community bank that serves businesses, not-for-profit associations, and entrepreneurs throughout the region. The bank operates through four divisions including Commercial Banking, Capital Bank Home Loans, Corporate Office, and OpenSky. Its Commercial Banking division offers banking-related services to clients, Capital Bank Home Loans division offers conventional and government-guaranteed residential mortgage loans on a nationwide basis for sale into the secondary market, while its OpenSky division provides secured credit cards on a nationwide basis to under-banked populations and those looking to rebuild their credit scores.
Capital Bancorp trades on the NASDAQ stock market under the symbol CBNK.
As of March 28, 2024, CBNK stock price climbed to $20.83 with 90,071 million shares trading.
CBNK has a beta of 0.52, meaning it tends to be less sensitive to market movements. CBNK has a correlation of 0.05 to the broad based SPY ETF.
CBNK has a market cap of $289.61 million. This is considered a Small Cap stock.
Last quarter Capital Bancorp reported $41 million in Revenue and $.65 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.03.
In the last 3 years, CBNK stock traded as high as $28.16 and as low as $15.00.
The top ETF exchange traded funds that CBNK belongs to (by Net Assets): IWM, VTI, MGMT, VXF, IWN.
CBNK has underperformed the market in the last year with a return of +23.7%, while the SPY ETF gained +33.6%. In the last 3 month period, CBNK fell short of the market, returning -14.8%, while SPY returned +10.1%. However, in the most recent 2 weeks CBNK has outperformed the stock market by returning +2.7%, while SPY returned +1.7%.
CBNK support price is $20.08 and resistance is $20.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CBNK stock will trade within this expected range on the day.