Capital Bancorp (CBNK) Expected to Announce Quarterly Earnings on Monday

Capital Bancorp (NASDAQ:CBNK - Get Free Report) is expected to announce its earnings results before the market opens on Monday, January 27th. Analysts expect the company to announce earnings of $0.65 per share and revenue of $54,776.00 billion for the quarter.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released its earnings results on Monday, October 28th. The financial services provider reported $0.66 earnings per share 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 firm 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 Up 2.3 %

Shares of Capital Bancorp stock opened at $29.07 on Monday. Capital Bancorp has a 52-week low of $19.02 and a 52-week high of $31.22. The company has a 50 day moving average of $28.70 and a 200 day moving average of $26.04. 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 company has a market capitalization of $481.34 million, a P/E ratio of 12.48 and a beta of 0.51.

Capital Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, November 4th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.38%. The ex-dividend date was Monday, November 4th. Capital Bancorp's dividend payout ratio (DPR) is presently 17.17%.

Analyst Ratings Changes

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

Insider Activity at Capital Bancorp

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

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.