Capital City Bank Group (NASDAQ:CCBG – Get Free Report) announced a quarterly dividend on Thursday, August 27th. Shareholders of record on Tuesday, September 8th will be paid a dividend of 0.27 per share by the financial services provider on Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, September 8th.
Capital City Bank Group has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 11 years. Capital City Bank Group has a dividend payout ratio of 33.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Capital City Bank Group to earn $3.75 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 28.8%.
Capital City Bank Group Trading Up 0.2%
Shares of CCBG opened at $51.18 on Friday. Capital City Bank Group has a 12-month low of $38.27 and a 12-month high of $53.60. The firm has a market capitalization of $875.84 million, a P/E ratio of 14.22 and a beta of 0.31. The firm has a 50-day moving average price of $50.70 and a 200 day moving average price of $46.80. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.06.
Institutional Investors Weigh In On Capital City Bank Group
Institutional investors and hedge funds have recently made changes to their positions in the stock. Legato Capital Management LLC purchased a new position in shares of Capital City Bank Group during the 4th quarter worth approximately $469,000. Inceptionr LLC purchased a new stake in Capital City Bank Group in the first quarter valued at approximately $510,000. Heartland Advisors Inc. purchased a new stake in Capital City Bank Group in the second quarter valued at approximately $24,710,000. Jefferies Financial Group Inc. acquired a new position in Capital City Bank Group during the fourth quarter worth $724,000. Finally, Renaissance Technologies LLC lifted its stake in Capital City Bank Group by 6.3% during the first quarter. Renaissance Technologies LLC now owns 174,871 shares of the financial services provider’s stock worth $7,600,000 after purchasing an additional 10,400 shares in the last quarter. 44.59% of the stock is owned by hedge funds and other institutional investors.
About Capital City Bank Group
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.
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