Capital Bancorp (NASDAQ:CBNK) Releases Quarterly Earnings Results, Beats Estimates By $0.26 EPS

Capital Bancorp (NASDAQ:CBNK) released its quarterly earnings results on Monday. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.66 by $0.26, Zacks reports. Capital Bancorp had a net margin of 14.49% and a return on equity of 12.66%. During the same quarter last year, the company earned $0.65 earnings per share.

Capital Bancorp Trading Up 4.4 %

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

Capital Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.30%. Capital Bancorp’s dividend payout ratio (DPR) is 17.17%.

Insiders Place Their Bets

In other Capital Bancorp news, COO Steven M. Poynot acquired 2,000 shares of Capital Bancorp stock in a transaction dated Friday, November 1st. The stock was bought 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 owns 4,503 shares in the company, valued at approximately $114,196.08. This trade represents a 79.90 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Dominic C. Canuso bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average price of $25.52 per share, for a total transaction of $25,520.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,000 shares in the company, valued at approximately $51,040. This represents a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 32.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.