Capital Bancorp (NASDAQ:CBNK – Get Free Report) posted its quarterly earnings results on Monday. The financial services provider reported $0.66 earnings per share 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 Stock Up 1.2 %
CBNK opened at $25.41 on Thursday. 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 firm has a market capitalization of $353.00 million, a P/E ratio of 10.86 and a beta of 0.47. Capital Bancorp has a fifty-two week low of $19.02 and a fifty-two week high of $26.20. The company’s 50-day moving average is $25.06 and its 200 day moving average is $22.60.
Capital Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Monday, November 4th. Capital Bancorp’s dividend payout ratio (DPR) is presently 17.09%.
Wall Street Analysts Forecast Growth
Read Our Latest Report on CBNK
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.
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