Capital Bancorp, Inc. (NASDAQ:CBNK) Plans Quarterly Dividend of $0.14

Capital Bancorp, Inc. (NASDAQ:CBNK) declared a quarterly dividend on Monday, October 26th. Stockholders of record on Monday, November 9th will be paid a dividend of $0.14 per share by the financial services provider on Wednesday, November 25th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, November 9th.

Capital Bancorp has a payout ratio of 15.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Capital Bancorp to earn $3.85 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 14.5%.

Capital Bancorp Stock Up 1.0%

Shares of Capital Bancorp stock opened at $41.69 on Tuesday. Capital Bancorp has a 12-month low of $26.40 and a 12-month high of $41.89. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $37.64 and a two-hundred day moving average price of $33.57. The stock has a market capitalization of $679.13 million, a P/E ratio of 12.26 and a beta of 0.52.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings data on Monday, October 26th. The financial services provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The firm had revenue of $68.12 million during the quarter, compared to analyst estimates of $69.01 million. Capital Bancorp had a return on equity of 13.14% and a net margin of 17.47%. Equities analysts expect that Capital Bancorp will post 3.47 earnings per share for the current year.

Analysts Set New Price Targets

CBNK has been the subject of a number of research analyst reports. Hovde Group lowered Capital Bancorp from a “strong-buy” rating to a “hold” rating and set a $42.00 price target for the company. in a report on Thursday, October 1st. Stephens cut shares of Capital Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 16th. Raymond James Financial started coverage on shares of Capital Bancorp in a report on Thursday, September 3rd. They issued a “market perform” rating on the stock. Weiss Ratings upgraded Capital Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, October 14th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Capital Bancorp from $35.00 to $40.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.67.

About Capital Bancorp

Capital Bancorp, Inc is a bank holding company headquartered in Rockville, Maryland. Through its principal subsidiary, Capital Bank, N.A., the company provides commercial banking products and services to businesses, professionals and individuals.

Capital Bank offers business and commercial real estate lending, construction and development financing, residential mortgage lending, small-business lending, consumer loans and deposit accounts. Its services also include cash management, online and mobile banking, treasury management and other financial solutions designed for commercial and retail customers.

Founded in 1999, Capital Bancorp primarily serves communities in the Washington, DC, metropolitan area, including Maryland and Northern Virginia.