Capital Bancorp (CBNK) Scheduled to Post Quarterly Earnings on Thursday

Capital Bancorp (NASDAQ:CBNK) is scheduled to be releasing its earnings data on Thursday, April 18th.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. Capital Bancorp had a net margin of 17.23% and a return on equity of 14.79%. The company had revenue of $52.91 million during the quarter, compared to the consensus estimate of $42.48 million. On average, analysts expect Capital Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Capital Bancorp Price Performance

Shares of NASDAQ:CBNK traded down $0.01 on Wednesday, reaching $19.29. 12,006 shares of the company were exchanged, compared to its average volume of 21,517. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.19. Capital Bancorp has a 1-year low of $15.36 and a 1-year high of $25.00. The firm has a market cap of $267.94 million, a price-to-earnings ratio of 7.59 and a beta of 0.41. The company has a 50-day moving average of $20.39 and a 200-day moving average of $21.23.

Capital Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Monday, February 5th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, February 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.66%. Capital Bancorp’s dividend payout ratio (DPR) is presently 12.55%.

Analyst Ratings Changes

A number of brokerages recently commented on CBNK. Stephens raised shares of Capital Bancorp from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $25.00 to $28.00 in a research note on Monday, April 1st. Keefe, Bruyette & Woods restated a “market perform” rating and set a $25.00 price objective on shares of Capital Bancorp in a research note on Monday, April 1st.

Hedge Funds Weigh In On Capital Bancorp

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in Capital Bancorp by 183.1% in the 4th quarter. Bank of America Corp DE now owns 8,224 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 5,319 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Capital Bancorp during the 1st quarter valued at about $180,000. Tower Research Capital LLC TRC grew its stake in Capital Bancorp by 99.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,458 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 3,215 shares in the last quarter. Royal Bank of Canada grew its stake in Capital Bancorp by 13.7% during the 3rd quarter. Royal Bank of Canada now owns 6,310 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 759 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Capital Bancorp by 87.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,349 shares of the financial services provider’s stock valued at $94,000 after buying an additional 2,023 shares in the last quarter. Hedge funds and other institutional investors own 56.14% of the company’s stock.

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.