Capital Bancorp, Inc. (NASDAQ:CBNK) to Issue Quarterly Dividend of $0.12

Capital Bancorp, Inc. (NASDAQ:CBNK) declared a quarterly dividend on Monday, January 26th. Stockholders of record on Monday, February 9th will be paid a dividend of 0.12 per share by the financial services provider on Saturday, February 28th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, February 9th.

Capital Bancorp has a payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings. 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 NASDAQ CBNK opened at $29.40 on Tuesday. The stock has a market cap of $485.69 million, a P/E ratio of 10.00 and a beta of 0.65. The firm’s 50-day simple moving average is $28.71 and its 200 day simple moving average is $30.62. Capital Bancorp has a fifty-two week low of $24.69 and a fifty-two week high of $36.40. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

Capital Bancorp (NASDAQ:CBNK) last announced its earnings results on Monday, January 26th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. The firm had revenue of $62.74 million during the quarter, compared to analyst estimates of $60.62 million. Capital Bancorp had a net margin of 16.41% and a return on equity of 15.13%. Equities analysts expect that Capital Bancorp will post 3.17 EPS for the current year.

Insider Activity

In other news, CFO Dominic C. Canuso sold 3,400 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $27.95, for a total value of $95,030.00. Following the completion of the sale, the chief financial officer directly owned 1,434 shares of the company’s stock, valued at $40,080.30. This represents a 70.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 32.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Capital Bancorp

A number of institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue raised its holdings in shares of Capital Bancorp by 135.1% during the fourth quarter. State of Alaska Department of Revenue now owns 1,580 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 908 shares in the last quarter. Daytona Street Capital LLC purchased a new stake in shares of Capital Bancorp during the 4th quarter worth about $72,000. JPMorgan Chase & Co. lifted its holdings in shares of Capital Bancorp by 13.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,598 shares of the financial services provider’s stock valued at $721,000 after buying an additional 2,591 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Capital Bancorp in the 3rd quarter valued at approximately $29,000. Finally, Qube Research & Technologies Ltd grew its stake in shares of Capital Bancorp by 32.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 35,462 shares of the financial services provider’s stock valued at $1,131,000 after buying an additional 8,750 shares in the last quarter. Institutional investors and hedge funds own 56.14% of the company’s stock.

About Capital Bancorp

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. The company offers a range of deposit products, including checking and savings, time, interest bearing and noninterest-bearing demand, and money market accounts, as well as certificates of deposit; and credit cards.