On November 1, 2024, Dominic Canuso, Executive Vice President and Chief Financial Officer of Capital Bancorp Inc (CBNK, Financial), purchased 1,000 shares of the company. This transaction was documented in a recent SEC Filing. Following this acquisition, the insider now owns a total of 1,000 shares of Capital Bancorp Inc.
Capital Bancorp Inc, a financial institution, provides various banking services including personal banking, business banking, and mortgage services. The company operates primarily in the United States.
The shares were bought at a price of $25.42 each, valuing the transaction at $25,420. On the day of the purchase, Capital Bancorp Inc had a market cap of approximately $423.737 million.
The price-earnings ratio of the stock stands at 11.00, which is above the industry median of 10.5. This ratio is also higher than the historical median for the company.
According to the GF Value, the intrinsic value of Capital Bancorp Inc is estimated at $23.92 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 1.06.
Over the past year, there have been two insider buys and no insider sells at Capital Bancorp Inc. The insider transaction trend shows a positive sentiment among the executives and board members of the company.
This recent purchase by Dominic Canuso aligns with the overall buying trend observed among other insiders at Capital Bancorp Inc, potentially indicating confidence in the future performance and valuation of the company.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
