Capital Bancorp, Inc. (NASDAQ:CBNK) Plans Quarterly Dividend of $0.08

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) declared a quarterly dividend on Monday, April 22nd, Zacks reports. Shareholders of record on Monday, May 6th will be paid a dividend of 0.08 per share by the financial services provider on Wednesday, May 22nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Friday, May 3rd.

Capital Bancorp has a payout ratio of 10.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Capital Bancorp to earn $2.90 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 11.0%.

Capital Bancorp Price Performance

Shares of Capital Bancorp stock traded down $0.21 during midday trading on Wednesday, reaching $19.50. The company had a trading volume of 16,119 shares, compared to its average volume of 21,528. The stock has a fifty day simple moving average of $20.30 and a 200 day simple moving average of $21.26. Capital Bancorp has a 1-year low of $15.36 and a 1-year high of $25.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $270.86 million, a price-to-earnings ratio of 8.33 and a beta of 0.41.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released its earnings results on Monday, January 22nd. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.62 by $0.03. The company had revenue of $52.91 million during the quarter, compared to analysts' expectations of $42.48 million. Capital Bancorp had a return on equity of 13.56% and a net margin of 15.35%. As a group, equities research analysts forecast that Capital Bancorp will post 2.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CBNK. Stephens upgraded shares of Capital Bancorp from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $25.00 to $28.00 in a research report on Monday, April 1st. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $25.00 target price on shares of Capital Bancorp in a report on Monday, April 1st. Finally, Hovde Group cut their price target on Capital Bancorp from $27.00 to $26.00 and set an "outperform" rating on the stock in a research note on Tuesday.

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.