Capital Bancorp, Inc. (NASDAQ:CBNK) Declares $0.05 Quarterly Dividend

Capital Bancorp, Inc. (NASDAQ:CBNKGet Rating) declared a quarterly dividend on Monday, April 25th, Zacks reports. Stockholders of record on Monday, May 9th will be paid a dividend of 0.05 per share by the financial services provider on Wednesday, May 25th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, May 6th.

Capital Bancorp has a payout ratio of 6.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Capital Bancorp to earn $3.02 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 6.6%.

Capital Bancorp stock opened at $23.50 on Tuesday. Capital Bancorp has a fifty-two week low of $19.01 and a fifty-two week high of $28.16. The business’s fifty day moving average is $23.10. The stock has a market capitalization of $329.02 million, a P/E ratio of 8.13 and a beta of 0.43. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.17.

Capital Bancorp (NASDAQ:CBNKGet Rating) last issued its earnings results on Wednesday, April 20th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.15. Capital Bancorp had a return on equity of 21.10% and a net margin of 23.42%. Research analysts anticipate that Capital Bancorp will post 2.75 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBNK. Citigroup Inc. increased its holdings in Capital Bancorp by 72.0% in the fourth quarter. Citigroup Inc. now owns 1,933 shares of the financial services provider’s stock worth $51,000 after buying an additional 809 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Capital Bancorp by 66.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,226 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 890 shares during the period. Bank of New York Mellon Corp increased its position in Capital Bancorp by 7.3% during the third quarter. Bank of New York Mellon Corp now owns 21,678 shares of the financial services provider’s stock worth $522,000 after acquiring an additional 1,481 shares during the period. Morgan Stanley lifted its position in shares of Capital Bancorp by 9.3% in the 2nd quarter. Morgan Stanley now owns 24,968 shares of the financial services provider’s stock worth $510,000 after acquiring an additional 2,129 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Capital Bancorp by 44.1% in the 4th quarter. Bank of America Corp DE now owns 7,196 shares of the financial services provider’s stock valued at $188,000 after purchasing an additional 2,203 shares during the period. 32.38% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research lowered shares of Capital Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, March 7th.

Capital Bancorp Company Profile (Get Rating)

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 the United States. It operates through Commercial Banking, Capital Bank Home Loans, and OpenSky segments.

See Also

Dividend History for Capital Bancorp (NASDAQ:CBNK)

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