Capital City Bank Group, Inc. (CCBG) To Go Ex-Dividend on September 9th

Capital City Bank Group, Inc. (NASDAQ:CCBG) announced a quarterly dividend on Thursday, August 29th, Zacks reports. Investors of record on Monday, September 9th will be given a dividend of 0.23 per share by the financial services provider on Monday, September 23rd. This represents a $0.92 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Monday, September 9th. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.21.

Capital City Bank Group has raised its dividend by an average of 10.1% annually over the last three years. Capital City Bank Group has a payout ratio of 33.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Capital City Bank Group to earn $2.95 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 31.2%.

Capital City Bank Group Price Performance

NASDAQ:CCBG opened at $33.80 on Friday. The company has a market capitalization of $572.67 million, a P/E ratio of 11.01 and a beta of 0.53. The business’s 50-day moving average is $32.20 and its 200 day moving average is $29.02. 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 has a 12 month low of $25.45 and a 12 month high of $36.49.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.71 by $0.12. Capital City Bank Group had a net margin of 19.67% and a return on equity of 11.67%. The business had revenue of $58.88 million during the quarter, compared to analyst estimates of $55.15 million. On average, equities research analysts forecast that Capital City Bank Group will post 2.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on CCBG. Keefe, Bruyette & Woods lifted their price target on Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Hovde Group boosted their price target on shares of Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 24th. Finally, Piper Sandler cut shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and increased their price target for the company from $30.00 to $34.00 in a research note on Monday, July 29th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.80.

Insider Transactions at Capital City Bank Group

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 8,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $35.26, for a total transaction of $282,080.00. Following the transaction, the treasurer now owns 143,681 shares in the company, valued at $5,066,192.06. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.