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

Capital City Bank Group (NASDAQ:CCBG) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01, Yahoo Finance reports. Capital City Bank Group had a return on equity of 11.67% and a net margin of 19.67%. The firm had revenue of $68.84 million during the quarter, compared to analyst estimates of $54.40 million.

Capital City Bank Group Stock Performance

CCBG opened at $35.07 on Friday. Capital City Bank Group has a 1-year low of $25.45 and a 1-year high of $36.67. The company has a market cap of $594.19 million, a price-to-earnings ratio of 11.42 and a beta of 0.53. The company’s fifty day moving average price is $34.26 and its two-hundred day moving average price is $30.62. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12.

Capital City Bank Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were given a $0.23 dividend. The ex-dividend date was Monday, September 9th. This represents a $0.92 annualized dividend and a yield of 2.62%. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.21. Capital City Bank Group’s dividend payout ratio (DPR) is presently 29.97%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Hovde Group raised their target price on Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 24th. StockNews.com upgraded shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Keefe, Bruyette & Woods increased their target price on shares of Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Piper Sandler downgraded shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $30.00 to $34.00 in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.80.

Insider Activity

In related news, Treasurer Thomas A. Barron sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the sale, the treasurer now owns 140,681 shares in the company, valued at $4,756,424.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Treasurer Thomas A. Barron sold 8,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $35.26, for a total value of $282,080.00. Following the completion of the sale, the treasurer now owns 143,681 shares in the company, valued at $5,066,192.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Treasurer Thomas A. Barron sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the transaction, the treasurer now directly owns 140,681 shares in the company, valued at $4,756,424.61. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 19.40% of the company’s stock.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking- related services to individual and corporate clients. The company offers financing for commercial business properties, equipment, inventories, and accounts receivable, as well as commercial leasing and letters of credit; treasury management services; and merchant credit card transaction processing services.