Capital Bancorp, Inc. (CBNK) To Go Ex-Dividend on August 5th

Capital Bancorp, Inc. (NASDAQ:CBNK) declared a quarterly dividend on Monday, July 22nd, Zacks reports. Shareholders of record on Monday, August 5th will be paid a dividend of 0.10 per share by the financial services provider on Wednesday, August 21st. This represents a $0.40 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Monday, August 5th. This is an increase from Capital Bancorp’s previous quarterly dividend of $0.08.

Capital Bancorp has a payout ratio of 12.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Capital Bancorp to earn $3.15 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 12.7%.

Capital Bancorp Stock Performance

Shares of CBNK stock opened at $24.32 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02. Capital Bancorp has a fifty-two week low of $18.56 and a fifty-two week high of $26.20. The stock’s 50-day moving average is $21.43 and its two-hundred day moving average is $20.90. The firm has a market cap of $337.80 million, a P/E ratio of 10.39 and a beta of 0.48.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings results on Monday, July 22nd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). The company had revenue of $57.51 million for the quarter, compared to the consensus estimate of $42.70 million. Capital Bancorp had a return on equity of 13.54% and a net margin of 15.35%. Analysts predict that Capital Bancorp will post 1.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Hovde Group upped their price target on Capital Bancorp from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods upped their price target on Capital Bancorp from $25.00 to $27.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 23rd.

Insider Activity at Capital Bancorp

In related news, Director Mary Ann Scully bought 2,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was acquired at an average cost of $25.14 per share, with a total value of $50,280.00. Following the acquisition, the director now owns 13,536 shares in the company, valued at approximately $340,295.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 32.50% of the stock is owned by corporate insiders.

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.