Capital Bancorp, Inc. (NASDAQ:CBNK) Plans $0.08 Quarterly Dividend

Capital Bancorp, Inc. (NASDAQ:CBNK) announced 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 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Friday, May 3rd.

Capital Bancorp has a payout ratio of 10.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 1.2 %

Shares of Capital Bancorp stock traded down $0.23 during midday trading on Wednesday, hitting $19.48. The company’s stock had a trading volume of 5,421 shares, compared to its average volume of 21,393. The firm has a market capitalization of $270.58 million, a P/E ratio of 8.37 and a beta of 0.41. The stock has a 50-day simple moving average of $20.31 and a 200-day simple moving average of $21.25. 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 1-year low of $15.36 and a 1-year high of $25.00.

Capital Bancorp (NASDAQ:CBNK) last issued its earnings results on Monday, January 22nd. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. The business had revenue of $52.91 million during the quarter, compared to analysts’ expectations of $42.48 million. Capital Bancorp had a return on equity of 13.56% and a net margin of 15.35%. As a group, sell-side analysts expect that Capital Bancorp will post 2.47 earnings per share for the current year.

Analyst Ratings Changes

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

Capital Bancorp Company Profile

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.