Capital Bancorp, Inc. Announces Quarterly Dividend of $0.12 (NASDAQ:CBNK)

Capital Bancorp, Inc. (NASDAQ:CBNK) announced a quarterly dividend on Monday, January 26th. Investors of record on Monday, February 9th will be given a dividend of 0.12 per share by the financial services provider on Saturday, February 28th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, February 9th.

Capital Bancorp has a payout ratio of 13.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Capital Bancorp to earn $3.50 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 13.7%.

Capital Bancorp Trading Up 0.1%

Capital Bancorp stock opened at $29.40 on Tuesday. Capital Bancorp has a one year low of $24.69 and a one year high of $36.40. The company’s fifty day moving average price is $28.71 and its two-hundred day moving average price is $30.62. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.02. The company has a market capitalization of $485.69 million, a price-to-earnings ratio of 10.00 and a beta of 0.65.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings results on Monday, January 26th. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.83 by $0.08. Capital Bancorp had a return on equity of 15.13% and a net margin of 16.41%.The company had revenue of $62.74 million for the quarter, compared to the consensus estimate of $60.62 million. On average, analysts forecast that Capital Bancorp will post 3.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on CBNK. Zacks Research raised Capital Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Capital Bancorp in a research note on Monday, December 29th. Stephens dropped their price objective on shares of Capital Bancorp from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Keefe, Bruyette & Woods decreased their target price on shares of Capital Bancorp from $33.00 to $31.00 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Finally, Hovde Group lowered their target price on shares of Capital Bancorp from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Capital Bancorp currently has an average rating of “Hold” and an average target price of $34.33.

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. The company offers a range of deposit products, including checking and savings, time, interest bearing and noninterest-bearing demand, and money market accounts, as well as certificates of deposit; and credit cards.