Capital Bancorp, Inc. to Issue Quarterly Dividend of $0.08 (NASDAQ:CBNK)

Capital Bancorp, Inc. (NASDAQ:CBNK) declared a quarterly dividend on Monday, April 22nd, Zacks reports. Stockholders of record on Monday, May 6th will be paid a dividend of 0.08 per share by the financial services provider on Wednesday, May 22nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, May 3rd.

Capital Bancorp has a dividend payout ratio of 10.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Capital Bancorp to earn $2.90 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 11.0%.

Capital Bancorp Trading Down 0.7 %

Shares of NASDAQ:CBNK traded down $0.13 on Wednesday, reaching $19.58. 4,975 shares of the company traded hands, compared to its average volume of 21,380. The business’s 50-day simple moving average is $20.31 and its 200 day simple moving average is $21.25. Capital Bancorp has a 52 week low of $15.36 and a 52 week high of $25.00. The stock has a market capitalization of $271.97 million, a P/E ratio of 8.42 and a beta of 0.41. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.19.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. Capital Bancorp had a return on equity of 13.56% and a net margin of 15.35%. The firm had revenue of $52.91 million for the quarter, compared to analysts’ expectations of $42.48 million. As a group, equities analysts anticipate that Capital Bancorp will post 2.47 EPS for the current fiscal year.

Analyst Ratings Changes

CBNK has been the topic of several recent analyst reports. Hovde Group cut their target price on Capital Bancorp from $27.00 to $26.00 and set an “outperform” rating on the stock in a research note on Tuesday. Stephens raised Capital Bancorp from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $25.00 to $28.00 in a research note on Monday, April 1st. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $25.00 target price on shares of Capital Bancorp in a research note on Monday, April 1st.

About Capital Bancorp

Capital Bancorp, Inc operates as the bank holding company for Capital Bank, N.A. that provides various banking products and services to businesses, not-for-profit associations, and entrepreneurs in Maryland, Virginia, and the District of Columbia. It operates through Commercial Banking, Capital Bank Home Loans, and OpenSky segments.