Capital City Bank Group (NASDAQ:CCBG – Get Free Report) Director William Butler purchased 392 shares of Capital City Bank Group stock in a transaction on Monday, October 26th. The shares were purchased at an average cost of $51.07 per share, with a total value of $20,019.44. Following the transaction, the director owned 7,137 shares in the company, valued at approximately $364,486.59. The trade was a 5.81% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Capital City Bank Group Stock Up 0.7%
CCBG traded up $0.37 during trading hours on Monday, hitting $50.90. 66,486 shares of the company’s stock were exchanged, compared to its average volume of 90,076. The stock has a market cap of $870.90 million, a price-to-earnings ratio of 13.91 and a beta of 0.36. Capital City Bank Group has a 1-year low of $38.55 and a 1-year high of $53.60. The stock’s 50-day moving average is $50.07 and its two-hundred day moving average is $48.80. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.06.
Capital City Bank Group (NASDAQ:CCBG – Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.05. Capital City Bank Group had a return on equity of 11.18% and a net margin of 21.85%. The company had revenue of $64.39 million during the quarter, compared to analysts’ expectations of $65.50 million. Sell-side analysts predict that Capital City Bank Group will post 3.69 earnings per share for the current fiscal year.
Capital City Bank Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were paid a $0.27 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $1.08 dividend on an annualized basis and a yield of 2.1%. Capital City Bank Group’s dividend payout ratio (DPR) is currently 29.51%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on CCBG shares. Wall Street Zen upgraded shares of Capital City Bank Group from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings raised Capital City Bank Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Finally, Keefe, Bruyette & Woods upped their price objective on Capital City Bank Group from $52.00 to $54.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Capital City Bank Group presently has a consensus rating of “Hold” and an average price target of $51.75.
Get Our Latest Report on Capital City Bank Group
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Capital City Bank Group in the second quarter worth $83,449,000. Heartland Advisors Inc. bought a new position in Capital City Bank Group during the 2nd quarter worth $24,710,000. Bank of New York Mellon Corp bought a new position in Capital City Bank Group during the 2nd quarter worth $3,865,000. Bank of America Corp DE acquired a new position in Capital City Bank Group during the 2nd quarter worth about $3,695,000. Finally, Empowered Funds LLC acquired a new position in Capital City Bank Group during the 2nd quarter worth about $2,220,000. Institutional investors and hedge funds own 44.59% of the company’s stock.
About Capital City Bank Group
Capital City Bank Group, Inc is a financial holding company headquartered in Tallahassee, Florida. Through its principal subsidiary, Capital City Bank, the company provides banking and financial services to individuals, businesses, and public-sector organizations.
Its offerings include consumer and commercial deposit accounts, business and personal lending, mortgage services, cash-management solutions, online and mobile banking, and wealth-management services. The company also provides trust and investment services through its banking operations.
Founded in 1895, Capital City Bank Group has developed a community-banking network serving markets in North Florida and Georgia, including the Tallahassee area.
Featured Articles
- Five stocks we like better than Capital City Bank Group
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
Receive News & Ratings for Capital City Bank Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital City Bank Group and related companies with MarketBeat.com's FREE daily email newsletter.
