Capital Bancorp (CBNK) Set to Announce Quarterly Earnings on Thursday

Capital Bancorp (NASDAQ:CBNK) is scheduled to post its quarterly earnings results on Thursday, April 18th.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The firm had revenue of $52.91 million for the quarter, compared to analysts’ expectations of $42.48 million. Capital Bancorp had a net margin of 17.23% and a return on equity of 14.79%. 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 CBNK stock traded up $0.05 during trading hours on Wednesday, hitting $19.35. The company’s stock had a trading volume of 7,697 shares, compared to its average volume of 21,510. 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 twelve month low of $15.36 and a twelve month high of $25.00. The stock has a market cap of $268.77 million, a price-to-earnings ratio of 7.57 and a beta of 0.41. The business has a fifty day moving average of $20.39 and a 200-day moving average of $21.23.

Capital Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Monday, February 5th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, February 2nd. Capital Bancorp’s payout ratio is currently 12.55%.

Institutional Trading of Capital Bancorp

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its stake in Capital Bancorp by 183.1% during the fourth quarter. Bank of America Corp DE now owns 8,224 shares of the financial services provider’s stock worth $194,000 after buying an additional 5,319 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Capital Bancorp during the first quarter worth about $180,000. Tower Research Capital LLC TRC boosted its position in shares of Capital Bancorp by 99.1% in the third quarter. Tower Research Capital LLC TRC now owns 6,458 shares of the financial services provider’s stock worth $149,000 after buying an additional 3,215 shares during the period. Royal Bank of Canada grew its stake in shares of Capital Bancorp by 13.7% in the third quarter. Royal Bank of Canada now owns 6,310 shares of the financial services provider’s stock valued at $146,000 after buying an additional 759 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Capital Bancorp by 87.0% during 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 during the period. Hedge funds and other institutional investors own 56.14% of the company’s stock.

Analysts Set New Price Targets

CBNK has been the topic of a number of research analyst reports. Stephens raised Capital Bancorp from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $25.00 to $28.00 in a research note on Monday, April 1st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $25.00 price target on shares of Capital Bancorp in a research note on Monday, April 1st.

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.