Capital Bancorp (NASDAQ:CBNK) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Capital Bancorp (NASDAQ:CBNK) announced its quarterly earnings data on Monday. The financial services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03), FiscalAI reports. The company had revenue of $68.12 million for the quarter, compared to analysts’ expectations of $69.01 million. Capital Bancorp had a return on equity of 13.14% and a net margin of 17.47%.

Capital Bancorp Stock Up 1.0%

CBNK stock traded up $0.40 during mid-day trading on Monday, reaching $41.69. The company had a trading volume of 146,280 shares, compared to its average volume of 75,965. The firm has a fifty day simple moving average of $37.54 and a 200 day simple moving average of $35.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $679.13 million, a price-to-earnings ratio of 12.26 and a beta of 0.52. Capital Bancorp has a fifty-two week low of $26.40 and a fifty-two week high of $41.89.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Raymond James Financial assumed coverage on Capital Bancorp in a report on Thursday, September 3rd. They set a “market perform” rating for the company. Brean Capital lowered shares of Capital Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 30th. Weiss Ratings raised shares of Capital Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, October 14th. Hovde Group lowered shares of Capital Bancorp from a “strong-buy” rating to a “hold” rating and set a $42.00 target price for the company. in a research note on Thursday, October 1st. Finally, Keefe, Bruyette & Woods increased their target price on shares of Capital Bancorp from $35.00 to $40.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Capital Bancorp currently has an average rating of “Hold” and a consensus price target of $39.67.

Capital Bancorp Company Profile

Capital Bancorp, Inc is a bank holding company headquartered in Rockville, Maryland. Through its principal subsidiary, Capital Bank, N.A., the company provides commercial banking products and services to businesses, professionals and individuals.

Capital Bank offers business and commercial real estate lending, construction and development financing, residential mortgage lending, small-business lending, consumer loans and deposit accounts. Its services also include cash management, online and mobile banking, treasury management and other financial solutions designed for commercial and retail customers.

Founded in 1999, Capital Bancorp primarily serves communities in the Washington, DC, metropolitan area, including Maryland and Northern Virginia.