Capital Bancorp, Inc. (NASDAQ:CBNK) Stock to Pay 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 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, November 9th.

Capital Bancorp has a dividend 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 CBNK opened at $41.69 on Tuesday. Capital Bancorp has a 52 week low of $26.40 and a 52 week high of $41.89. The stock has a market capitalization of $679.13 million, a price-to-earnings ratio of 12.26 and a beta of 0.52. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a fifty day moving average of $37.64 and a 200-day moving average of $33.57.

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). Capital Bancorp had a return on equity of 13.14% and a net margin of 17.47%. The firm had revenue of $68.12 million for the quarter, compared to the consensus estimate of $69.01 million. As a group, sell-side analysts anticipate that Capital Bancorp will post 3.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CBNK. BlackRock Inc. bought a new stake in shares of Capital Bancorp in the 2nd quarter valued at about $27,625,000. Dimensional Fund Advisors LP raised its position in shares of Capital Bancorp by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 355,466 shares of the financial services provider’s stock worth $10,571,000 after acquiring an additional 17,264 shares during the last quarter. Ategra Capital Management LLC acquired a new position in shares of Capital Bancorp in the second quarter worth approximately $8,122,000. Sei Investments Co. lifted its stake in shares of Capital Bancorp by 104.1% in the first quarter. Sei Investments Co. now owns 167,222 shares of the financial services provider’s stock worth $4,973,000 after acquiring an additional 85,293 shares during the period. Finally, Squarepoint Ops LLC lifted its stake in shares of Capital Bancorp by 31.9% in the second quarter. Squarepoint Ops LLC now owns 137,954 shares of the financial services provider’s stock worth $4,845,000 after acquiring an additional 33,402 shares during the period. 56.14% of the stock is owned by institutional investors.

Capital Bancorp Company Profile

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.