Capital Bancorp, Inc. (CBNK) To Go Ex-Dividend on November 10th

Capital Bancorp, Inc. (NASDAQ:CBNK) declared a quarterly dividend on Friday, October 24th. Investors of record on Monday, November 10th will be paid a dividend of 0.12 per share by the financial services provider on Wednesday, November 26th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, November 10th.

Capital Bancorp has a dividend payout ratio of 13.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Capital Bancorp to earn $3.50 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 13.7%.

Capital Bancorp Price Performance

CBNK stock opened at $27.97 on Friday. The stock has a 50-day moving average price of $30.90 and a two-hundred day moving average price of $32.05. The stock has a market cap of $463.85 million, a PE ratio of 9.51 and a beta of 0.72. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. Capital Bancorp has a 1 year low of $24.69 and a 1 year high of $36.40.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter. Capital Bancorp had a net margin of 16.41% and a return on equity of 15.40%. The business had revenue of $21.01 million for the quarter. Equities analysts forecast that Capital Bancorp will post 3.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Hovde Group dropped their target price on shares of Capital Bancorp from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Capital Bancorp in a research report on Tuesday, October 14th. Stephens decreased their target price on shares of Capital Bancorp from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Wall Street Zen downgraded shares of Capital Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Zacks Research cut Capital Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Capital Bancorp presently has an average rating of “Hold” and a consensus price target of $35.67.

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.