Capital Bancorp, Inc. (NASDAQ:CBNK) to Issue Quarterly Dividend of $0.08

Capital Bancorp, Inc. (NASDAQ:CBNK) announced a quarterly dividend on Monday, April 22nd, Zacks reports. Stockholders of record on Monday, May 6th will be given a dividend of 0.08 per share by the financial services provider on Wednesday, May 22nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, May 3rd.

Capital Bancorp has a payout ratio of 10.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Capital Bancorp to earn $2.92 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 11.0%.

Capital Bancorp Price Performance

Capital Bancorp stock opened at $19.63 on Thursday. The firm has a market cap of $272.66 million, a PE ratio of 8.39 and a beta of 0.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s fifty day moving average price is $20.13 and its two-hundred day moving average price is $21.24. Capital Bancorp has a one year low of $15.36 and a one year high of $25.00.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CBNK shares. Hovde Group decreased their price target on Capital Bancorp from $27.00 to $26.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 23rd. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $25.00 target price on shares of Capital Bancorp in a report on Monday, April 1st. Finally, Stephens raised shares of Capital Bancorp from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $25.00 to $28.00 in a report on Monday, April 1st.

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.