Stephens resumed coverage of Capital Bancorp with an Equal Weight rating and $19 price target. While the bank’s entrepreneurial management team is punching above its asset size and taking share in affluent markets, the company’s higher beta funding model weighs on estimates and the stock, the analyst tells investors in a research note. The firm further cites a lack of visibility around the CFPB proposal on credit card late fees that could reduce Capital Bancorp’s revenue by about 9%.
Published first on TheFly
