Capital Bancorp, Inc. (NASDAQ:CBNK) Announces Quarterly Dividend of $0.14

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) annualized dividend and a 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% indicating that its dividend is sufficiently covered by earnings. Equities 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 Up 0.5%

Shares of NASDAQ CBNK opened at $36.31 on Tuesday. The firm has a fifty day simple moving average of $33.91 and a two-hundred day simple moving average of $31.67. Capital Bancorp has a 12 month low of $26.40 and a 12 month high of $37.00. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $591.49 million, a PE ratio of 10.97 and a beta of 0.54.

Capital Bancorp (NASDAQ:CBNK) last announced its earnings results on Monday, July 27th. The financial services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. Capital Bancorp had a net margin of 17.48% and a return on equity of 13.48%. The firm had revenue of $65.29 million for the quarter, compared to analyst estimates of $66.54 million. Equities analysts expect that Capital Bancorp will post 3.4 earnings per share for the current year.

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. 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.