Capital City Bank Group (NASDAQ:CCBG) Announces Earnings Results

Capital City Bank Group (NASDAQ:CCBGGet Free Report) issued its earnings results on Tuesday. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04, Zacks reports. Capital City Bank Group had a net margin of 21.01% and a return on equity of 11.10%.

Capital City Bank Group Price Performance

CCBG traded up $1.25 during midday trading on Tuesday, reaching $51.18. 25,064 shares of the company’s stock were exchanged, compared to its average volume of 95,434. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $875.14 million, a PE ratio of 14.48 and a beta of 0.31. The business’s 50-day moving average price is $47.40 and its 200 day moving average price is $45.11. Capital City Bank Group has a 1-year low of $38.00 and a 1-year high of $52.10.

Capital City Bank Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, June 1st. Capital City Bank Group’s dividend payout ratio (DPR) is 30.59%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CCBG. Capital One Financial set a $49.50 price target on shares of Capital City Bank Group in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Keefe, Bruyette & Woods upped their target price on shares of Capital City Bank Group from $45.00 to $50.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 21st. Brean Capital downgraded shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Capital City Bank Group has a consensus rating of “Hold” and a consensus price target of $49.75.

View Our Latest Report on CCBG

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CCBG. Price T Rowe Associates Inc. MD boosted its stake in shares of Capital City Bank Group by 12.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,291 shares of the financial services provider’s stock valued at $353,000 after acquiring an additional 939 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in Capital City Bank Group by 33.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 9,946 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 2,482 shares during the last quarter. PharVision Advisers LLC acquired a new position in Capital City Bank Group in the 3rd quarter valued at about $248,000. BNP Paribas Financial Markets lifted its holdings in Capital City Bank Group by 213.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,962 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 4,059 shares in the last quarter. Finally, Thrivent Financial for Lutherans purchased a new position in Capital City Bank Group in the 2nd quarter valued at about $284,000. 44.59% of the stock is owned by hedge funds and other institutional investors.

Capital City Bank Group Company Profile

(Get Free Report)

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.

See Also

Earnings History for Capital City Bank Group (NASDAQ:CCBG)

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