Capital Bancorp (NASDAQ:CBNK) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Capital Bancorp (NASDAQ:CBNK) posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01), Bloomberg Earnings reports. The firm had revenue of $18.84 million for the quarter.

Shares of Capital Bancorp stock traded down $0.05 during mid-day trading on Friday, hitting $11.69. The stock had a trading volume of 5,900 shares, compared to its average volume of 10,596. Capital Bancorp has a 12-month low of $10.21 and a 12-month high of $14.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.09 and a quick ratio of 1.07. The stock has a market cap of $160.99 million and a price-to-earnings ratio of 11.46.

An institutional investor recently bought a new position in Capital Bancorp stock. Geode Capital Management LLC acquired a new position in shares of Capital Bancorp Inc (NASDAQ:CBNK) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 21,684 shares of the financial services provider’s stock, valued at approximately $247,000. Geode Capital Management LLC owned 0.16% of Capital Bancorp as of its most recent filing with the SEC. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Separately, Zacks Investment Research raised shares of Capital Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $14.50.

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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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