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

Capital Bancorp (NASDAQ:CBNK) issued its quarterly earnings data on Monday. The financial services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.02), Yahoo Finance reports. The company 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%.

Capital Bancorp Price Performance

Shares of CBNK opened at $25.41 on Thursday. The business has a 50-day moving average of $25.06 and a 200-day moving average of $22.60. Capital Bancorp has a 1 year low of $19.02 and a 1 year high of $26.20. The company has a market capitalization of $353.00 million, a price-to-earnings ratio of 10.86 and a beta of 0.47. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.00.

Capital Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, November 4th will be given a $0.10 dividend. 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 1.57%. Capital Bancorp’s dividend payout ratio (DPR) is presently 17.09%.

Analysts Set New Price Targets

Several research firms recently weighed in on CBNK. Keefe, Bruyette & Woods raised their price objective on Capital Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a report on Tuesday, July 23rd. Hovde Group boosted their price target on Capital Bancorp from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th.

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.