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

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) declared a quarterly dividend on Tuesday, October 29th, Wall Street Journal reports. Shareholders of record on Monday, November 4th will be paid a dividend of 0.10 per share by the financial services provider on Wednesday, November 20th. This represents a $0.40 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Monday, November 4th.

Capital Bancorp has a payout ratio of 12.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Capital Bancorp to earn $3.10 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 12.9%.

Capital Bancorp Price Performance

Shares of Capital Bancorp stock traded down $0.31 during midday trading on Tuesday, hitting $25.12. 25,020 shares of the company traded hands, compared to its average volume of 23,833. The stock has a market cap of $348.97 million, a price-to-earnings ratio of 10.74 and a beta of 0.47. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.00 and a current ratio of 1.01. The firm's fifty day moving average price is $25.04 and its 200-day moving average price is $22.57. Capital Bancorp has a 12 month low of $19.02 and a 12 month high of $26.20.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last posted its earnings results on Monday, October 28th. The financial services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.02). The firm had revenue of $59.25 million during the quarter. Capital Bancorp had a net margin of 15.35% and a return on equity of 13.34%. As a group, sell-side analysts forecast that Capital Bancorp will post 2.59 earnings per share for the current year.

Insider Activity at Capital Bancorp

In other Capital Bancorp news, Director Mary Ann Scully bought 2,000 shares of the stock in a transaction on Wednesday, July 31st. The stock was acquired at an average cost of $25.14 per share, for a total transaction of $50,280.00. Following the completion of the acquisition, the director now owns 13,536 shares in the company, valued at $340,295.04. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 32.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CBNK. Hovde Group lifted their price target on shares of Capital Bancorp from $26.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their price objective on Capital Bancorp from $25.00 to $27.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 23rd.

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.