Capital Bancorp (NASDAQ:CBNK) Announces Quarterly Earnings Results, Beats Estimates By $0.21 EPS

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

Capital Bancorp Trading Down 0.7 %

Capital Bancorp stock traded down $0.22 during midday trading on Thursday, reaching $31.38. The stock had a trading volume of 48,333 shares, compared to its average volume of 38,837. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The firm has a market cap of $522.61 million, a price-to-earnings ratio of 14.72 and a beta of 0.52. Capital Bancorp has a 52-week low of $19.45 and a 52-week high of $32.88. The company has a fifty day moving average of $28.30 and a 200 day moving average of $28.56.

Capital Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 12th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.27%. Capital Bancorp's dividend payout ratio is presently 16.13%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Capital Bancorp

In other news, Director Randall James Levitt sold 14,500 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $32.30, for a total transaction of $468,350.00. Following the completion of the sale, the director now directly owns 100,000 shares of the company's stock, valued at approximately $3,230,000. The trade was a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 31.59% of the company's stock.

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.