Capital Bancorp (NASDAQ:CBNK) Announces Quarterly Earnings Results, Beats Estimates By $0.30 EPS

Capital Bancorp (NASDAQ:CBNK) posted its quarterly earnings results on Monday. The financial services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.30, Fidelity Earnings reports. Capital Bancorp had a return on equity of 12.79% and a net margin of 13.98%.

Shares of NASDAQ CBNK opened at $10.20 on Wednesday. The business’s 50-day moving average price is $10.04 and its two-hundred day moving average price is $10.56. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.08 and a quick ratio of 1.01. Capital Bancorp has a one year low of $6.98 and a one year high of $15.07. The company has a market capitalization of $140.96 million, a P/E ratio of 8.29 and a beta of 0.26.

Several research firms recently weighed in on CBNK. Piper Sandler raised Capital Bancorp from a “neutral” rating to an “overweight” rating and upped their price target for the company from $10.50 to $12.00 in a research report on Wednesday. Zacks Investment Research upgraded Capital Bancorp from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Thursday, October 1st.

Capital Bancorp Company Profile

Capital Bancorp, Inc operates as the bank holding company for Capital Bank, N.A. that provides various commercial banking products and services to businesses, not-for-profit associations, and entrepreneurs in the United States. The company offers a range of deposit products and services, including various checking and savings accounts, certificates of deposit, money market accounts, debit cards, remote deposit capture services, online and mobile banking services, e-statements, and bank-by-mail and direct deposit services, as well as business accounts, and cash and treasury management services.

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Earnings History for Capital Bancorp (NASDAQ:CBNK)

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