Capital Bancorp (NASDAQ:CBNK) Issues Quarterly Earnings Results

Capital Bancorp (NASDAQ:CBNK) posted its quarterly earnings data on Monday. The financial services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26, Zacks reports. Capital Bancorp had a net margin of 14.49% and a return on equity of 12.66%. During the same quarter in the prior year, the company posted $0.65 earnings per share.

Capital Bancorp Price Performance

Capital Bancorp stock opened at $30.82 on Wednesday. The firm has a fifty day moving average of $28.88 and a 200-day moving average of $26.47. Capital Bancorp has a 52-week low of $19.02 and a 52-week high of $31.89. 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 firm has a market capitalization of $510.38 million, a P/E ratio of 13.23 and a beta of 0.51.

Capital Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.40 annualized dividend and a yield of 1.30%. Capital Bancorp’s payout ratio is 17.17%.

Insider Buying and Selling

In other news, CFO Dominic C. Canuso acquired 1,000 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was bought at an average cost of $25.52 per share, with a total value of $25,520.00. Following the transaction, the chief financial officer now directly owns 2,000 shares in the company, valued at approximately $51,040. This represents a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Steven M. Poynot acquired 2,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were acquired at an average price of $25.36 per share, for a total transaction of $50,720.00. Following the completion of the acquisition, the chief operating officer now directly owns 4,503 shares in the company, valued at $114,196.08. The trade was a 79.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 32.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their price target on shares of Capital Bancorp from $28.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

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.