Capital Bancorp, Inc. (NASDAQ:CBNK) Declares Quarterly Dividend of $0.10

Capital Bancorp, Inc. (NASDAQ:CBNK) declared a quarterly dividend on Monday, October 28th, Wall Street Journal reports. Shareholders of record on Monday, November 4th will be given a dividend of 0.10 per share by the financial services provider on Wednesday, November 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Monday, November 4th.

Capital Bancorp has a dividend payout ratio of 12.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Capital Bancorp to earn $3.10 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 12.9%.

Capital Bancorp Stock Up 1.5 %

Shares of NASDAQ CBNK traded up $0.38 during midday trading on Wednesday, reaching $25.50. The company’s stock had a trading volume of 5,917 shares, compared to its average volume of 23,748. The stock has a 50 day simple moving average of $25.04 and a 200-day simple moving average of $22.57. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $354.25 million, a price-to-earnings ratio of 10.74 and a beta of 0.47. Capital Bancorp has a fifty-two week low of $19.02 and a fifty-two week high of $26.20.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02). Capital Bancorp had a net margin of 15.35% and a return on equity of 13.34%. The business had revenue of $59.25 million during the quarter. Equities research analysts predict that Capital Bancorp will post 2.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CBNK shares. Hovde Group upped their target price on Capital Bancorp from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods upped their price objective 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.

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.