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

Capital Bancorp, Inc. (NASDAQ:CBNK) declared a quarterly dividend on Tuesday, October 29th, Wall Street Journal reports. Investors of record on Monday, November 4th will be paid a dividend of 0.10 per share by the financial services provider on Wednesday, November 20th. This represents a $0.40 annualized dividend and a yield of 1.59%. The ex-dividend date is Monday, November 4th.

Capital Bancorp has a 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 Down 1.2 %

Shares of CBNK stock traded down $0.31 during mid-day trading on Tuesday, hitting $25.12. The stock had a trading volume of 25,020 shares, compared to its average volume of 23,833. The firm has a market capitalization of $348.97 million, a P/E ratio of 10.77 and a beta of 0.47. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.00. Capital Bancorp has a 12-month low of $19.02 and a 12-month high of $26.20. The firm’s 50-day moving average is $25.04 and its two-hundred day moving average is $22.57.

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

Insider Buying and Selling at Capital Bancorp

In other Capital Bancorp news, Director Mary Ann Scully bought 2,000 shares of Capital Bancorp stock in a transaction on Wednesday, July 31st. The shares were bought at an average cost of $25.14 per share, for a total transaction of $50,280.00. Following the acquisition, the director now directly owns 13,536 shares in the company, valued at $340,295.04. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 32.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CBNK. Hovde Group lifted their price target on shares of Capital Bancorp from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods increased their target price on Capital Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a report 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.