Capital Bancorp, Inc. (NASDAQ:CBNK) Increases Dividend to $0.14 Per Share

Capital Bancorp, Inc. (NASDAQ:CBNK) announced a quarterly dividend on Monday, July 27th. Investors of record on Monday, August 10th will be given a dividend of 0.14 per share by the financial services provider on Wednesday, August 26th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, August 10th. This is a 16.7% increase from Capital Bancorp’s previous quarterly dividend of $0.12.

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 $3.71 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 12.9%.

Capital Bancorp Stock Up 0.5%

Shares of NASDAQ CBNK opened at $36.31 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $33.91 and its 200 day simple moving average is $31.67. The firm has a market cap of $591.49 million, a PE ratio of 10.97 and a beta of 0.54. Capital Bancorp has a 12-month low of $26.40 and a 12-month high of $37.00.

Capital Bancorp (NASDAQ:CBNK) last issued its earnings results on Monday, July 27th. The financial services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. Capital Bancorp had a return on equity of 13.48% and a net margin of 17.48%.The business had revenue of $65.29 million during the quarter, compared to analyst estimates of $66.54 million. As a group, sell-side analysts forecast that Capital Bancorp will post 3.4 earnings per share for the current fiscal year.

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.