Capital Bancorp, Inc. (NASDAQ:CBNK – Get Free Report) declared a quarterly dividend on Friday, October 23rd. Investors of record on Monday, November 9th will be paid a dividend of $0.14 per share by the financial services provider on Wednesday, November 25th. This represents a $0.56 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, November 9th.
Capital Bancorp has a dividend payout ratio of 15.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Capital Bancorp to earn $3.85 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 14.5%.
Capital Bancorp Trading Down 0.5%
CBNK opened at $42.39 on Friday. The firm has a market cap of $690.53 million, a price-to-earnings ratio of 12.68 and a beta of 0.50. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.12. Capital Bancorp has a 52 week low of $26.40 and a 52 week high of $44.76. The business’s 50 day moving average is $38.66 and its two-hundred day moving average is $34.17.
Capital Bancorp (NASDAQ:CBNK – Get Free Report) last issued its earnings results on Monday, October 26th. The financial services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Capital Bancorp had a net margin of 16.29% and a return on equity of 13.63%. The firm had revenue of $68.12 million during the quarter, compared to analysts’ expectations of $69.01 million. On average, research analysts predict that Capital Bancorp will post 3.47 EPS for the current year.
Institutional Investors Weigh In On Capital Bancorp
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Capital Bancorp during the second quarter valued at about $27,625,000. Ategra Capital Management LLC bought a new stake in shares of Capital Bancorp in the second quarter worth $8,122,000. Empowered Funds LLC purchased a new position in Capital Bancorp during the 2nd quarter worth approximately $3,664,000. Sei Investments Co. increased its holdings in Capital Bancorp by 104.1% in the 1st quarter. Sei Investments Co. now owns 167,222 shares of the financial services provider’s stock valued at $4,973,000 after buying an additional 85,293 shares during the period. Finally, De Lisle Partners LLP acquired a new stake in Capital Bancorp in the second quarter valued at $2,667,000. Hedge funds and other institutional investors own 56.14% of the company’s stock.
About Capital Bancorp
Capital Bancorp, Inc is a bank holding company headquartered in Rockville, Maryland. Through its principal subsidiary, Capital Bank, N.A., the company provides commercial banking products and services to businesses, professionals and individuals.
Capital Bank offers business and commercial real estate lending, construction and development financing, residential mortgage lending, small-business lending, consumer loans and deposit accounts. Its services also include cash management, online and mobile banking, treasury management and other financial solutions designed for commercial and retail customers.
Founded in 1999, Capital Bancorp primarily serves communities in the Washington, DC, metropolitan area, including Maryland and Northern Virginia.
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