Capital Bancorp (CBNK) Expected to Announce Earnings on Monday

Capital Bancorp (NASDAQ:CBNK) is expected to release its earnings data before the market opens on Monday, January 27th. Analysts expect Capital Bancorp to post earnings of $0.65 per share and revenue of $54,776.00 billion for the quarter.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). The firm had revenue of $59.25 million for the quarter. Capital Bancorp had a net margin of 14.49% and a return on equity of 12.66%. 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 Stock Up 2.3 %

Capital Bancorp stock opened at $29.07 on Monday. The stock has a market cap of $481.34 million, a PE ratio of 12.48 and a beta of 0.51. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03. Capital Bancorp has a one year low of $19.02 and a one year high of $31.22. The stock has a fifty day moving average of $28.70 and a 200 day moving average of $26.04.

Capital Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, November 4th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Monday, November 4th. Capital Bancorp’s dividend payout ratio (DPR) is presently 17.17%.

Insiders Place Their Bets

In related news, CFO Dominic C. Canuso purchased 1,000 shares of Capital Bancorp stock in a transaction on Monday, November 4th. The stock was acquired at an average price of $25.52 per share, for a total transaction of $25,520.00. Following the completion of the transaction, the chief financial officer now directly owns 2,000 shares in the company, valued at $51,040. This represents a 100.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Steven M. Poynot purchased 2,000 shares of Capital Bancorp stock in a transaction on Friday, November 1st. The stock was bought at an average price of $25.36 per share, with a total value of $50,720.00. Following the transaction, the chief operating officer now owns 4,503 shares of the company’s stock, valued at approximately $114,196.08. This represents a 79.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 32.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped their price objective on Capital Bancorp from $28.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

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.