Capital Bancorp (CBNK) to Release Earnings on Thursday

Capital Bancorp (NASDAQ:CBNK) will post its quarterly earnings results on Thursday, April 18th.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.03. The firm had revenue of $52.91 million during the quarter, compared to analysts’ expectations of $42.48 million. Capital Bancorp had a net margin of 17.23% and a return on equity of 14.79%. On average, analysts expect Capital Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Capital Bancorp Trading Up 0.3 %

Shares of CBNK stock traded up $0.05 during trading hours on Wednesday, hitting $19.35. 7,697 shares of the company’s stock traded hands, compared to its average volume of 21,510. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.19. Capital Bancorp has a 12 month low of $15.36 and a 12 month high of $25.00. The stock has a market cap of $268.77 million, a PE ratio of 7.57 and a beta of 0.41. The stock’s 50 day simple moving average is $20.39 and its 200 day simple moving average is $21.23.

Capital Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Monday, February 5th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Friday, February 2nd. Capital Bancorp’s payout ratio is presently 12.55%.

Institutional Trading of Capital Bancorp

Several hedge funds have recently bought and sold shares of CBNK. Dimensional Fund Advisors LP raised its stake in shares of Capital Bancorp by 22.7% in the first quarter. Dimensional Fund Advisors LP now owns 84,537 shares of the financial services provider’s stock worth $1,932,000 after purchasing an additional 15,626 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Capital Bancorp by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 410,135 shares of the financial services provider’s stock worth $9,376,000 after acquiring an additional 5,230 shares during the last quarter. Fourthstone LLC purchased a new position in Capital Bancorp during the 1st quarter worth $493,000. Nations Financial Group Inc. IA ADV grew its stake in shares of Capital Bancorp by 24.5% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 26,874 shares of the financial services provider’s stock worth $614,000 after acquiring an additional 5,297 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Capital Bancorp by 6.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 20,476 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 1,237 shares during the last quarter. Institutional investors and hedge funds own 56.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CBNK. Stephens raised Capital Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $25.00 to $28.00 in a research note on Monday, April 1st. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $25.00 price target on shares of Capital Bancorp in a report 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.