Capital Bancorp, Inc. (NASDAQ:CBNK – Get Free Report) declared a quarterly dividend on Monday, July 22nd, Zacks reports. Shareholders of record on Monday, August 5th will be given a dividend of 0.10 per share by the financial services provider on Wednesday, August 21st. This represents a $0.40 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Monday, August 5th. This is an increase from Capital Bancorp’s previous quarterly dividend of $0.08.
Capital Bancorp has a dividend payout ratio of 10.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Capital Bancorp to earn $3.15 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 10.2%.
Capital Bancorp Stock Up 3.1 %
CBNK traded up $0.75 on Wednesday, reaching $24.99. 8,307 shares of the company traded hands, compared to its average volume of 22,855. The stock’s 50 day moving average price is $20.66 and its 200-day moving average price is $20.76. The company has a market cap of $347.11 million, a price-to-earnings ratio of 10.36 and a beta of 0.48. Capital Bancorp has a 52-week low of $18.56 and a 52-week high of $25.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02.
Wall Street Analyst Weigh In
CBNK has been the topic of a number of analyst reports. Stephens raised 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 report on Monday, April 1st. Keefe, Bruyette & Woods boosted their price objective on shares of Capital Bancorp from $25.00 to $27.00 and gave the stock a “market perform” rating in a research note on Tuesday. Finally, Hovde Group increased their price objective on Capital Bancorp from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday.
Check Out Our Latest Research Report on Capital Bancorp
About Capital Bancorp
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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