Capital Bancorp (CBNK) to Release Quarterly Earnings on Thursday

Capital Bancorp (NASDAQ:CBNK - Get Free Report) will release its earnings data on Thursday, April 18th.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last issued its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.03. The firm had revenue of $52.91 million during the quarter, compared to the consensus estimate of $42.48 million. Capital Bancorp had a net margin of 17.23% and a return on equity of 14.79%. 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

CBNK stock traded down $0.01 during mid-day trading on Wednesday, hitting $19.29. 12,006 shares of the company were exchanged, compared to its average volume of 21,572. The business has a 50 day simple moving average of $20.37 and a 200-day simple moving average of $21.22. 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 stock has a market capitalization of $267.94 million, a PE ratio of 7.56 and a beta of 0.41. Capital Bancorp has a 1-year low of $15.36 and a 1-year high of $25.00.

Capital Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Monday, February 5th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.32 annualized dividend and a yield of 1.66%. Capital Bancorp's dividend payout ratio (DPR) is presently 12.55%.

Institutional Investors Weigh In On Capital Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in Capital Bancorp by 13.7% during the third quarter. Royal Bank of Canada now owns 6,310 shares of the financial services provider's stock worth $146,000 after purchasing an additional 759 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Capital Bancorp by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 38,725 shares of the financial services provider's stock worth $701,000 after purchasing an additional 783 shares during the last quarter. Deutsche Bank AG lifted its stake in Capital Bancorp by 19.5% during the first quarter. Deutsche Bank AG now owns 5,328 shares of the financial services provider's stock worth $89,000 after purchasing an additional 870 shares during the last quarter. Morgan Stanley lifted its stake in Capital Bancorp by 3.0% during the fourth quarter. Morgan Stanley now owns 29,927 shares of the financial services provider's stock worth $704,000 after purchasing an additional 882 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Capital Bancorp by 296.6% during the first quarter. Tower Research Capital LLC TRC now owns 1,610 shares of the financial services provider's stock worth $27,000 after purchasing an additional 1,204 shares during the last quarter. 56.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on CBNK. Stephens upgraded shares of Capital Bancorp from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $25.00 to $28.00 in a research report on Monday, April 1st. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $25.00 price target on shares of Capital Bancorp in a research report on Monday, April 1st.

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.