Capital Bancorp (CBNK) to Release Earnings on Monday

Capital Bancorp (NASDAQ:CBNK) is expected to be releasing its earnings data before the market opens on Monday, January 27th. Analysts expect Capital Bancorp to post earnings of $0.65 per share and revenue of $54,776.00 billion for the quarter.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). Capital Bancorp had a return on equity of 12.66% and a net margin of 14.49%. The company had revenue of $59.25 million for the quarter. On average, analysts expect Capital Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Capital Bancorp Stock Performance

Shares of CBNK stock opened at $28.96 on Friday. The stock has a market capitalization of $479.58 million, a PE ratio of 12.43 and a beta of 0.51. The business’s 50 day simple moving average is $28.77 and its 200 day simple moving average is $26.31. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02. Capital Bancorp has a one year low of $19.02 and a one year high of $31.22.

Capital Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, November 4th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, November 4th. Capital Bancorp’s dividend payout ratio is currently 17.17%.

Insider Buying and Selling

In other news, CFO Dominic C. Canuso bought 1,000 shares of the stock in a transaction dated Monday, November 4th. The shares were bought at an average cost of $25.52 per share, with a total value of $25,520.00. Following the completion of the transaction, the chief financial officer now directly owns 2,000 shares of the company’s stock, valued at $51,040. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Steven M. Poynot bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average price of $25.36 per share, for a total transaction of $50,720.00. Following the completion of the acquisition, the chief operating officer now owns 4,503 shares in the company, valued at $114,196.08. This represents a 79.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 32.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their target price on shares of Capital Bancorp from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

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.