Capital Bancorp, Inc. (CBNK) to Issue Quarterly Dividend of $0.14 on August 26th

Capital Bancorp, Inc. (NASDAQ:CBNK) announced a quarterly dividend on Monday, July 27th. Shareholders of record on Monday, August 10th will be paid 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 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% indicating that 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 Trading Up 4.0%

CBNK opened at $37.78 on Wednesday. The firm’s fifty day moving average is $34.06 and its two-hundred day moving average is $31.73. The firm has a market cap of $615.36 million, a PE ratio of 11.11 and a beta of 0.54. Capital Bancorp has a twelve month low of $26.40 and a twelve month high of $38.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.03.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.05. Capital Bancorp had a net margin of 17.47% and a return on equity of 13.30%. The company had revenue of $65.29 million during the quarter, compared to analyst estimates of $66.54 million. Equities research analysts anticipate that Capital Bancorp will post 3.4 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new stake in shares of Capital Bancorp during the third quarter worth approximately $29,000. State of Alaska Department of Revenue lifted its holdings in Capital Bancorp by 135.1% during the 4th quarter. State of Alaska Department of Revenue now owns 1,580 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 908 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in Capital Bancorp in the 3rd quarter valued at $61,000. Daytona Street Capital LLC acquired a new position in Capital Bancorp in the 4th quarter valued at $72,000. Finally, Franklin Resources Inc. bought a new position in Capital Bancorp during the 2nd quarter worth $201,000. 56.14% of the stock is owned by institutional investors.

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.