Capital Bancorp, Inc. (NASDAQ:CBNK) Plans Quarterly Dividend of $0.14

Capital Bancorp, Inc. (NASDAQ:CBNK – Get Free Report) declared a quarterly dividend on Monday, October 26th. Stockholders of record on Monday, November 9th will be given a dividend of $0.14 per share by the financial services provider on Wednesday, November 25th. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, November 9th.

Capital Bancorp has a payout ratio of 15.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Capital Bancorp to earn $3.85 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 14.5%.

Capital Bancorp Price Performance

Shares of CBNK opened at $41.69 on Tuesday. The company has a market cap of $679.13 million, a P/E ratio of 12.26 and a beta of 0.52. The stock has a fifty day moving average price of $37.64 and a 200 day moving average price of $33.57. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.03 and a quick ratio of 1.03. Capital Bancorp has a 12 month low of $26.40 and a 12 month high of $41.89.

Capital Bancorp (NASDAQ:CBNK – Get Free Report) last announced its quarterly earnings results on Monday, October 26th. The financial services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.03). The firm had revenue of $68.12 million during the quarter, compared to analyst estimates of $69.01 million. Capital Bancorp had a net margin of 17.47% and a return on equity of 13.14%. On average, research analysts forecast that Capital Bancorp will post 3.47 earnings per share for the current year.

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Capital Bancorp Company Profile

(Get Free Report)

Capital Bancorp, Inc is a bank holding company headquartered in Rockville, Maryland. Through its principal subsidiary, Capital Bank, N.A., the company provides commercial banking products and services to businesses, professionals and individuals.

Capital Bank offers business and commercial real estate lending, construction and development financing, residential mortgage lending, small-business lending, consumer loans and deposit accounts. Its services also include cash management, online and mobile banking, treasury management and other financial solutions designed for commercial and retail customers.

Founded in 1999, Capital Bancorp primarily serves communities in the Washington, DC, metropolitan area, including Maryland and Northern Virginia.

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Dividend History for Capital Bancorp (NASDAQ:CBNK)

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