Capital Bancorp (NASDAQ:CBNK) Releases Earnings Results, Misses Expectations By $0.03 EPS

Capital Bancorp (NASDAQ:CBNK) posted its quarterly earnings results on Monday. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03), FiscalAI reports. Capital Bancorp had a return on equity of 13.14% and a net margin of 17.47%. The business had revenue of $68.12 million for the quarter, compared to analysts’ expectations of $69.01 million.

Capital Bancorp Price Performance

Shares of NASDAQ:CBNK opened at $41.69 on Tuesday. The stock has a market cap of $679.13 million, a PE ratio of 12.26 and a beta of 0.52. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.03 and a current ratio of 1.03. The business’s fifty day moving average price is $37.64 and its two-hundred day moving average price is $33.57. Capital Bancorp has a one year low of $26.40 and a one year high of $41.89.

Analyst Ratings Changes

Several analysts have recently issued reports on CBNK shares. Weiss Ratings upgraded shares of Capital Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, October 14th. Keefe, Bruyette & Woods upped their price objective on Capital Bancorp from $35.00 to $40.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. Brean Capital lowered shares of Capital Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 30th. Hovde Group downgraded Capital Bancorp from a “strong-buy” rating to a “hold” rating and set a $42.00 target price for the company. in a research report on Thursday, October 1st. Finally, Raymond James Financial began coverage on shares of Capital Bancorp in a research report on Thursday, September 3rd. They issued a “market perform” rating for the company. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.67.

Capital Bancorp Company Profile

Capital Bancorp, Inc is a bank holding company headquartered in Rockville, Maryland. Through its principal subsidiary, Capital Bank, N.A., the company provides commercial banking products and services to businesses, professionals and individuals.

Capital Bank offers business and commercial real estate lending, construction and development financing, residential mortgage lending, small-business lending, consumer loans and deposit accounts. Its services also include cash management, online and mobile banking, treasury management and other financial solutions designed for commercial and retail customers.

Founded in 1999, Capital Bancorp primarily serves communities in the Washington, DC, metropolitan area, including Maryland and Northern Virginia.