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

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) declared a quarterly dividend on Sunday, May 4th, Wall Street Journal reports. Stockholders of record on Monday, May 12th will be paid a dividend of 0.10 per share by the financial services provider on Wednesday, May 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, May 12th.

Capital Bancorp has raised its dividend by an average of 53.3% per year over the last three years. Capital Bancorp has a payout ratio of 11.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Capital Bancorp to earn $3.50 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 11.4%.

Capital Bancorp Stock Performance

NASDAQ CBNK traded up $0.33 during trading hours on Friday, reaching $31.39. The stock had a trading volume of 69,202 shares, compared to its average volume of 39,282. Capital Bancorp has a 52-week low of $19.45 and a 52-week high of $32.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03. The stock has a market cap of $522.86 million, a P/E ratio of 14.74 and a beta of 0.52. The stock has a fifty day moving average of $28.33 and a 200 day moving average of $28.68.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.21. The firm had revenue of $58.60 million for the quarter, compared to analyst estimates of $57.54 million. Capital Bancorp had a net margin of 12.66% and a return on equity of 14.89%. Sell-side analysts predict that Capital Bancorp will post 3.17 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Randall James Levitt sold 14,500 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.30, for a total transaction of $468,350.00. Following the completion of the transaction, the director now directly owns 100,000 shares of the company's stock, valued at $3,230,000. This represents a 12.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 31.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Capital Bancorp from $32.00 to $35.00 and gave the company a "market perform" rating in a report on Friday, February 7th. Hovde Group decreased their price target on Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating for the company in a report on Monday, March 17th.

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.