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

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

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. The firm had revenue of $52.91 million for the quarter, compared to analyst estimates of $42.48 million. Capital Bancorp had a return on equity of 14.79% and a net margin of 17.23%. 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 Down 0.1 %

Capital Bancorp stock traded down $0.01 during midday trading on Wednesday, hitting $19.29. 12,056 shares of the company were exchanged, compared to its average volume of 21,572. The company’s fifty day moving average price is $20.39 and its 200-day moving average price is $21.23. The company has a market cap of $267.94 million, a PE ratio of 7.59 and a beta of 0.41. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.02 and a quick ratio of 1.02. Capital Bancorp has a fifty-two week low of $15.36 and a fifty-two week high of $25.00.

Capital Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Monday, February 5th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, February 2nd. Capital Bancorp’s payout ratio is 12.55%.

Analyst Upgrades and Downgrades

CBNK has been the subject of a number of research analyst reports. Stephens upgraded Capital Bancorp from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $25.00 to $28.00 in a report on Monday, April 1st. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $25.00 price target on shares of Capital Bancorp in a report on Monday, April 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Comerica Bank acquired a new stake in shares of Capital Bancorp in the third quarter valued at $668,000. Alliancebernstein L.P. lifted its holdings in shares of Capital Bancorp by 12.6% during the third quarter. Alliancebernstein L.P. now owns 283,360 shares of the financial services provider’s stock valued at $6,546,000 after purchasing an additional 31,685 shares during the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of Capital Bancorp by 86.0% during the second quarter. Kennedy Capital Management LLC now owns 64,965 shares of the financial services provider’s stock valued at $1,176,000 after purchasing an additional 30,042 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Capital Bancorp by 25.9% during the third quarter. Dimensional Fund Advisors LP now owns 133,364 shares of the financial services provider’s stock valued at $3,081,000 after buying an additional 27,394 shares during the period. Finally, Two Sigma Advisers LP raised its position in Capital Bancorp by 149.4% during the first quarter. Two Sigma Advisers LP now owns 42,900 shares of the financial services provider’s stock valued at $714,000 after buying an additional 25,700 shares during the period. Institutional investors and hedge funds own 56.14% of the company’s stock.

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.