Capital Bancorp (CBNK) PT Lowered to $31 at KBW on Lower Fees and NIM

Keefe, Bruyette & Woods analyst Catherine Mealor lowered the price target on Capital Bancorp (NASDAQ: CBNK) to $31.00 (from $33.00) while maintaining a Market Perform rating.

The analyst commented: "Lower NIM and GGL fees drove the lower revenue this quarter, plus CBNK saw some negative credit migration from the acquired IFHI portfolio. Guidance is still for the commercial bank NIM to be steady in the 4.15%-4.30% range next quarter, the growth outlook remains solid and Open Sky card fees are trending better as well. Still we lower EPS by ~5% in '26E which lowers our PT to $31. We remain MP."

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