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, 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.
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.