Capital Bancorp, Inc. (NASDAQ:CBNK – Get Free Report) declared a quarterly dividend on Monday, April 22nd, Zacks reports. Stockholders of record on Monday, May 6th will be paid a dividend of 0.08 per share by the financial services provider on Wednesday, May 22nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Friday, May 3rd.
Capital Bancorp has a payout ratio of 10.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Capital Bancorp to earn $2.90 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 11.0%.
Capital Bancorp Trading Down 1.2 %
Shares of NASDAQ:CBNK traded down $0.23 during trading on Wednesday, reaching $19.48. 5,421 shares of the company were exchanged, compared to its average volume of 21,393. The firm has a market capitalization of $270.58 million, a PE ratio of 8.37 and a beta of 0.41. The business’s fifty day simple moving average is $20.31 and its 200-day simple moving average is $21.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.02 and a quick ratio of 1.02. Capital Bancorp has a 12-month low of $15.36 and a 12-month high of $25.00.
Wall Street Analyst Weigh In
CBNK has been the topic of several research reports. Stephens raised shares of Capital Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $25.00 to $28.00 in a report on Monday, April 1st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $25.00 price target on shares of Capital Bancorp in a report on Monday, April 1st. Finally, Hovde Group cut their price target on shares of Capital Bancorp from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Tuesday.
View Our Latest Report on CBNK
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.
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