Capital Bancorp (NASDAQ:CBNK) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Capital Bancorp (NASDAQ:CBNK - Get Free Report) released its quarterly earnings data on Monday. The financial services provider reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by ($0.02), Yahoo Finance reports. Capital Bancorp had a return on equity of 13.34% and a net margin of 15.35%. The company had revenue of $59.25 million for the quarter.

Capital Bancorp Stock Performance

Shares of CBNK traded down $0.31 during mid-day trading on Tuesday, reaching $25.12. 25,020 shares of the company's stock were exchanged, compared to its average volume of 23,833. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a market capitalization of $348.97 million, a PE ratio of 10.74 and a beta of 0.47. The business's fifty day simple moving average is $25.04 and its 200-day simple moving average is $22.57. Capital Bancorp has a 52-week low of $19.02 and a 52-week high of $26.20.

Capital Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, November 4th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.59%. Capital Bancorp's dividend payout ratio (DPR) is presently 17.09%.

Analyst Upgrades and Downgrades

CBNK has been the topic of a number of research analyst reports. Hovde Group raised their price objective 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 shares of Capital Bancorp from $25.00 to $27.00 and gave the stock a "market perform" rating in a report on Tuesday, July 23rd.

Insider Activity at Capital Bancorp

In other news, Director Mary Ann Scully acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were purchased at an average cost of $25.14 per share, for a total transaction of $50,280.00. Following the transaction, the director now directly owns 13,536 shares in the company, valued at approximately $340,295.04. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 32.50% of the stock is currently 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.