Capital Bancorp, Inc. (CBNK) To Go Ex-Dividend on August 10th

Capital Bancorp, Inc. (NASDAQ:CBNK) declared a quarterly dividend on Friday, July 24th. Shareholders of record on Monday, August 10th will be paid a dividend of 0.14 per share by the financial services provider on Wednesday, August 26th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, August 10th. This is a 16.7% increase from Capital Bancorp’s previous quarterly dividend of $0.12.

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 Trading Down 0.1%

CBNK stock opened at $37.78 on Friday. The company’s 50-day simple moving average is $35.01 and its 200-day simple moving average is $32.19. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. Capital Bancorp has a 52-week low of $26.40 and a 52-week high of $38.83. The firm has a market cap of $615.44 million, a P/E ratio of 11.11 and a beta of 0.52.

Capital Bancorp (NASDAQ:CBNK) last posted its earnings results on Monday, July 27th. The financial services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. Capital Bancorp had a return on equity of 13.30% and a net margin of 17.47%.The firm had revenue of $65.29 million for the quarter, compared to analysts’ expectations of $66.54 million. As a group, equities analysts forecast that Capital Bancorp will post 3.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods increased their price target on Capital Bancorp from $35.00 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Capital Bancorp in a research report on Tuesday, June 30th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Capital Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $37.33.

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. 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.