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

Capital Bancorp, Inc. (NASDAQ:CBNK) announced a quarterly dividend on Friday, October 24th. Stockholders 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 dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, November 10th.

Capital Bancorp has a 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

Shares of CBNK opened at $27.97 on Friday. Capital Bancorp has a 12 month low of $24.69 and a 12 month high of $36.40. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.01. The stock has a fifty day moving average price of $30.90 and a 200 day moving average price of $32.05. The company has a market cap of $463.85 million, a P/E ratio of 9.51 and a beta of 0.72.

Capital Bancorp (NASDAQ:CBNK) last announced 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 company had revenue of $21.01 million during the quarter. On average, research analysts forecast that Capital Bancorp will post 3.17 earnings per share for the current year.

Insider Activity at Capital Bancorp

In other Capital Bancorp news, Director Randall James Levitt sold 37,338 shares of Capital Bancorp stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $34.37, for a total value of $1,283,307.06. Following the transaction, the director owned 60,000 shares in the company, valued at approximately $2,062,200. The trade was a 38.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 31.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Capital Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey boosted its position in shares of Capital Bancorp by 46.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 2,701 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 852 shares during the period. Federated Hermes Inc. raised its holdings in Capital Bancorp by 12.7% during the 1st quarter. Federated Hermes Inc. now owns 3,977 shares of the financial services provider’s stock worth $113,000 after buying an additional 449 shares during the period. Franklin Resources Inc. purchased a new stake in Capital Bancorp during the second quarter valued at about $201,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Capital Bancorp in the second quarter worth about $209,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Capital Bancorp by 16.0% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,410 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 884 shares in the last quarter. 56.14% of the stock is owned by institutional investors and hedge funds.

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.