Brokerages expect Capital Bancorp Inc (NASDAQ:CBNK) to announce $24.55 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Capital Bancorp’s earnings, with the lowest sales estimate coming in at $23.10 million and the highest estimate coming in at $26.00 million. Capital Bancorp reported sales of $22.46 million in the same quarter last year, which indicates a positive year over year growth rate of 9.3%. The company is scheduled to announce its next quarterly earnings results on Wednesday, July 22nd.
According to Zacks, analysts expect that Capital Bancorp will report full-year sales of $102.65 million for the current fiscal year, with estimates ranging from $98.40 million to $106.90 million. For the next financial year, analysts anticipate that the company will post sales of $108.20 million, with estimates ranging from $107.80 million to $108.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Capital Bancorp.
Capital Bancorp (NASDAQ:CBNK) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.06). Capital Bancorp had a return on equity of 12.69% and a net margin of 14.51%. The firm had revenue of $24.27 million during the quarter, compared to the consensus estimate of $24.25 million.
Separately, ValuEngine upgraded shares of Capital Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 2nd.
NASDAQ CBNK opened at $10.93 on Friday. Capital Bancorp has a 52 week low of $6.98 and a 52 week high of $15.07. The company has a current ratio of 1.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. The stock has a market cap of $149.69 million, a price-to-earnings ratio of 9.26 and a beta of 0.24. The company has a 50-day moving average price of $10.92 and a two-hundred day moving average price of $13.15.
Institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Capital Bancorp by 101.0% in the fourth quarter. Barclays PLC now owns 8,105 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 4,073 shares in the last quarter. UBS Group AG boosted its holdings in shares of Capital Bancorp by 45.2% in the fourth quarter. UBS Group AG now owns 10,481 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 3,264 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Capital Bancorp by 48.4% in the fourth quarter. Acadian Asset Management LLC now owns 11,191 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 3,648 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Capital Bancorp by 30.9% in the first quarter. Rhumbline Advisers now owns 14,842 shares of the financial services provider’s stock valued at $186,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Globeflex Capital L P bought a new position in shares of Capital Bancorp in the first quarter valued at approximately $215,000. Institutional investors and hedge funds own 22.26% of the company’s stock.
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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