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

Capital City Bank Group (NASDAQ:CCBG) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05, Zacks reports. Capital City Bank Group had a return on equity of 11.20% and a net margin of 21.37%.The firm had revenue of $63.88 million for the quarter, compared to analysts’ expectations of $64.25 million.

Capital City Bank Group Stock Performance

NASDAQ CCBG opened at $50.93 on Thursday. Capital City Bank Group has a 52-week low of $38.00 and a 52-week high of $52.22. The company has a fifty day moving average of $47.62 and a 200-day moving average of $45.24. The company has a market capitalization of $870.90 million, a P/E ratio of 14.15 and a beta of 0.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79.

Capital City Bank Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.27 per share. The ex-dividend date was Monday, June 1st. This represents a $1.08 annualized dividend and a dividend yield of 2.1%. Capital City Bank Group’s dividend payout ratio (DPR) is 30.00%.

Institutional Investors Weigh In On Capital City Bank Group

A number of large investors have recently added to or reduced their stakes in CCBG. Price T Rowe Associates Inc. MD grew its holdings in shares of Capital City Bank Group by 12.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,291 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 939 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Capital City Bank Group by 33.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 9,946 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 2,482 shares during the last quarter. PharVision Advisers LLC bought a new stake in Capital City Bank Group in the third quarter worth $248,000. BNP Paribas Financial Markets boosted its position in Capital City Bank Group by 213.3% during the third quarter. BNP Paribas Financial Markets now owns 5,962 shares of the financial services provider’s stock valued at $249,000 after buying an additional 4,059 shares during the period. Finally, Thrivent Financial for Lutherans bought a new position in shares of Capital City Bank Group during the second quarter valued at about $284,000. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CCBG shares. Wall Street Zen lowered shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Capital One Financial set a $49.50 target price on shares of Capital City Bank Group in a report on Tuesday, April 21st. Brean Capital cut shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 21st. Keefe, Bruyette & Woods increased their target price on shares of Capital City Bank Group from $52.00 to $54.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Capital City Bank Group presently has a consensus rating of “Hold” and a consensus price target of $51.75.

Capital City Bank Group Company Profile

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.