Capital Bancorp, Inc. (NASDAQ:CBNK) to Issue Quarterly Dividend of $0.08

Capital Bancorp, Inc. (NASDAQ:CBNK) announced a quarterly dividend on Monday, April 22nd, Zacks reports. Investors of record on Monday, May 6th will be given a dividend of 0.08 per share by the financial services provider on Wednesday, May 22nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, May 3rd.

Capital Bancorp has a payout ratio of 10.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Capital Bancorp to earn $2.92 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 11.0%.

Capital Bancorp Price Performance

Shares of NASDAQ CBNK opened at $19.63 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $20.13 and a two-hundred day simple moving average of $21.24. Capital Bancorp has a 1-year low of $15.36 and a 1-year high of $25.00. The firm has a market cap of $272.66 million, a price-to-earnings ratio of 8.39 and a beta of 0.44.

Analysts Set New Price Targets

CBNK has been the subject of several recent research reports. Stephens raised Capital Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $25.00 to $28.00 in a report on Monday, April 1st. Hovde Group reduced their target price on shares of Capital Bancorp from $27.00 to $26.00 and set an “outperform” rating for the company in a research note on Tuesday, April 23rd. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $25.00 price target on shares of Capital Bancorp in a research note on Monday, April 1st.

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.