- An increase in interest rates will hurt mortgage refinancing activity. Mortgage purchasing volume is likely to remain unscathed.
- Economic strength in the country will likely drive decent loan growth this year. Further, recent team additions will result in loan additions.
- The margin is moderately sensitive to interest rate changes. Further, CBNK has the opportunity to improve its asset mix this year, which can further help the margin.
- The December 2022 target price suggests a decent upside from the current market price.
For further details see:
Capital Bancorp: Anticipated Decline In Mortgage Refinancing To Drag Earnings