Capital City Bank Group (NASDAQ:CCBG) Issues Earnings Results, Beats Expectations By $0.01 EPS

Capital City Bank Group (NASDAQ:CCBG) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $68.84 million during the quarter, compared to analyst estimates of $54.40 million.

Capital City Bank Group Price Performance

Shares of NASDAQ:CCBG opened at $35.33 on Thursday. Capital City Bank Group has a 1-year low of $25.45 and a 1-year high of $36.67. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.83 and a quick ratio of 0.83. The business has a fifty day moving average price of $34.26 and a 200-day moving average price of $30.62. The company has a market capitalization of $598.60 million, a PE ratio of 11.51 and a beta of 0.53.

Capital City Bank Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were issued a dividend of $0.23 per share. The ex-dividend date was Monday, September 9th. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 2.60%. Capital City Bank Group’s dividend payout ratio (DPR) is presently 29.97%.

Wall Street Analyst Weigh In

CCBG has been the subject of a number of research analyst reports. StockNews.com raised Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Piper Sandler lowered Capital City Bank Group from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $30.00 to $34.00 in a research report on Monday, July 29th. Hovde Group raised their price objective on Capital City Bank Group from $30.00 to $37.00 and gave the company a “market perform” rating in a research report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods raised their price objective on Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.80.

Insider Activity

In other news, Treasurer Thomas A. Barron sold 8,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $35.26, for a total transaction of $282,080.00. Following the completion of the transaction, the treasurer now directly owns 143,681 shares in the company, valued at $5,066,192.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Treasurer Thomas A. Barron sold 3,000 shares of Capital City Bank Group stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total value of $101,430.00. Following the completion of the sale, the treasurer now directly owns 140,681 shares in the company, valued at approximately $4,756,424.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Thomas A. Barron sold 8,000 shares of Capital City Bank Group stock in a transaction dated Tuesday, July 30th. The stock was 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 of the company’s stock, valued at $5,066,192.06. 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.