Capital Bancorp (CBNK) Releases Earnings Results, Misses Expectations By $0.01 EPS
Capital Bancorp (NASDAQ:CBNK) announced its earnings results on Wednesday. The financial services provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.01), MarketWatch Earnings reports. The firm had revenue of $18.84 million for the quarter.
Capital Bancorp stock traded up $0.24 during mid-day trading on Thursday, reaching $11.67. The stock had a trading volume of 304 shares, compared to its average volume of 6,018. The stock has a market cap of $160.37 million and a price-to-earnings ratio of 11.44. Capital Bancorp has a one year low of $10.21 and a one year high of $14.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.09 and a quick ratio of 1.07.
Separately, Zacks Investment Research cut shares of Capital Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $14.50.
About Capital Bancorp
Capital Bancorp, Inc operates as the bank holding company for Capital Bank, N.A. that provides various commercial banking products and services to businesses, not-for-profit associations, and entrepreneurs in the United States. The company offers a range of deposit products and services, including various checking and savings accounts, certificates of deposit, money market accounts, debit cards, remote deposit capture services, online and mobile banking services, e-statements, and bank-by-mail and direct deposit services, as well as business accounts, and cash and treasury management services.
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