Capital Bancorp (NASDAQ:CBNK) Posts Earnings Results, Beats Expectations By $0.21 EPS

Capital Bancorp (NASDAQ:CBNK) released its earnings results on Monday. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.21, Zacks reports. The company had revenue of $58.60 million during the quarter, compared to the consensus estimate of $57.54 million. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.66%.

Capital Bancorp Stock Up 0.6 %

CBNK opened at $28.28 on Tuesday. Capital Bancorp has a 1-year low of $19.26 and a 1-year high of $32.88. The stock’s fifty day simple moving average is $28.33 and its 200 day simple moving average is $28.53. 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 stock has a market cap of $471.06 million, a PE ratio of 13.28 and a beta of 0.52.

Capital Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Monday, February 10th. Capital Bancorp’s dividend payout ratio is currently 18.78%.

Insider Activity at Capital Bancorp

In related news, Director Randall James Levitt sold 14,500 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.30, for a total value of $468,350.00. Following the transaction, the director now owns 100,000 shares in the company, valued at approximately $3,230,000. This trade represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 32.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Hovde Group dropped their target price on Capital Bancorp from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Monday, March 17th. Keefe, Bruyette & Woods boosted their target price on Capital Bancorp from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Friday, February 7th.

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.