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

Capital Bancorp, Inc. (NASDAQ:CBNK) declared 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) dividend on an annualized basis and a dividend 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 payout ratio of 13.3% meaning its dividend is sufficiently covered by earnings. 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 Performance

CBNK stock opened at $36.31 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.03. Capital Bancorp has a fifty-two week low of $26.40 and a fifty-two week high of $37.00. The stock has a market capitalization of $591.49 million, a PE ratio of 10.97 and a beta of 0.54. The company has a 50 day moving average price of $33.91 and a 200 day moving average price of $31.67.

Capital Bancorp (NASDAQ:CBNK) last posted 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. The business had revenue of $65.29 million for the quarter, compared to analysts’ expectations of $66.54 million. Capital Bancorp had a return on equity of 13.48% and a net margin of 17.48%. Analysts forecast that Capital Bancorp will post 3.4 EPS for the current year.

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. 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.