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

Capital Bancorp, Inc. (NASDAQ:CBNK) announced a quarterly dividend on Tuesday, January 28th,Wall Street Journal reports. Investors of record on Monday, February 10th will be given a dividend of 0.10 per share by the financial services provider on Wednesday, February 26th. This represents a $0.40 annualized dividend and a yield of 1.30%. The ex-dividend date is Monday, February 10th.

Capital Bancorp has raised its dividend by an average of 53.3% annually over the last three years. Capital Bancorp has a dividend payout ratio of 11.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Capital Bancorp to earn $3.17 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 12.6%.

Capital Bancorp Price Performance

CBNK opened at $30.82 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.23. The firm has a market cap of $510.38 million, a price-to-earnings ratio of 13.23 and a beta of 0.51. The stock’s 50-day moving average price is $28.88 and its 200 day moving average price is $26.47. Capital Bancorp has a 12-month low of $19.02 and a 12-month high of $31.89.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.66 by $0.26. Capital Bancorp had a net margin of 14.49% and a return on equity of 12.66%. During the same period in the prior year, the business earned $0.65 earnings per share. As a group, sell-side analysts expect that Capital Bancorp will post 2.37 earnings per share for the current year.

Insider Activity at Capital Bancorp

In related news, COO Steven M. Poynot purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average price of $25.36 per share, for a total transaction of $50,720.00. Following the transaction, the chief operating officer now directly owns 4,503 shares of the company’s stock, valued at approximately $114,196.08. The trade was a 79.90 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dominic C. Canuso bought 1,000 shares of the stock in a transaction on Monday, November 4th. The stock was bought at an average price of $25.52 per share, for a total transaction of $25,520.00. Following the completion of the purchase, the chief financial officer now directly owns 2,000 shares in the company, valued at approximately $51,040. The trade was a 100.00 % increase in their position. The disclosure for this purchase can be found here. 32.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their price target on shares of Capital Bancorp from $28.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

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.