Capital Bancorp (NASDAQ:CBNK) Posts Earnings Results, Beats Expectations By $0.26 EPS

Capital Bancorp (NASDAQ:CBNKGet Free Report) announced its earnings results on Monday. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.26, Zacks reports. Capital Bancorp had a return on equity of 12.66% and a net margin of 14.49%. During the same quarter in the prior year, the business posted $0.65 EPS.

Capital Bancorp Stock Performance

NASDAQ:CBNK traded up $0.55 during mid-day trading on Monday, hitting $29.51. The company’s stock had a trading volume of 31,024 shares, compared to its average volume of 45,264. The stock has a market cap of $488.69 million, a price-to-earnings ratio of 12.67 and a beta of 0.51. Capital Bancorp has a 1 year low of $19.02 and a 1 year high of $31.22. The business’s fifty day moving average is $28.77 and its two-hundred day moving average is $26.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02.

Insider Activity at Capital Bancorp

In related news, CFO Dominic C. Canuso acquired 1,000 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were acquired at an average cost of $25.52 per share, with a total value of $25,520.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,000 shares in the company, valued at approximately $51,040. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Steven M. Poynot bought 2,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were bought at an average cost of $25.36 per share, with a total value of $50,720.00. Following the purchase, the chief operating officer now directly 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. 32.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Report on CBNK

Capital Bancorp Company Profile

(Get Free Report)

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.

See Also

Earnings History for Capital Bancorp (NASDAQ:CBNK)

Receive News & Ratings for Capital Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.