Capital City Bank Group (NASDAQ:CCBG) Posts Earnings Results
by Teresa Graham · The Cerbat GemCapital City Bank Group (NASDAQ:CCBG – Get Free Report) announced its quarterly earnings results on Monday. The financial services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09, Zacks reports. Capital City Bank Group had a return on equity of 11.55% and a net margin of 21.47%.
Capital City Bank Group Stock Performance
NASDAQ CCBG opened at $46.57 on Monday. The stock has a market cap of $798.62 million, a P/E ratio of 12.94 and a beta of 0.30. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.08. Capital City Bank Group has a twelve month low of $34.83 and a twelve month high of $47.69. The company’s 50-day simple moving average is $43.48 and its 200 day simple moving average is $42.63.
Capital City Bank Group Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Monday, March 9th were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, March 9th. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 2.3%. Capital City Bank Group’s payout ratio is presently 30.00%.
Analyst Ratings Changes
A number of research analysts recently weighed in on CCBG shares. Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a research note on Friday, March 27th. Zacks Research lowered shares of Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Wall Street Zen cut Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Keefe, Bruyette & Woods downgraded shares of Capital City Bank Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $47.00 to $45.00 in a report on Wednesday, January 28th. Finally, Capital One Financial set a $45.00 price objective on Capital City Bank Group in a report on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $45.00.
Check Out Our Latest Research Report on CCBG
Hedge Funds Weigh In On Capital City Bank Group
A number of hedge funds have recently modified their holdings of CCBG. Quarry LP acquired a new stake in Capital City Bank Group in the 3rd quarter valued at $38,000. Raymond James Financial Inc. bought a new position in shares of Capital City Bank Group during the second quarter valued at $150,000. Tower Research Capital LLC TRC lifted its holdings in shares of Capital City Bank Group by 1,282.5% during the second quarter. Tower Research Capital LLC TRC now owns 4,106 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 3,809 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Capital City Bank Group by 11.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 4,200 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 420 shares during the last quarter. Finally, Vident Advisory LLC acquired a new stake in shares of Capital City Bank Group during the 2nd quarter worth about $201,000. 44.59% of the stock is owned by institutional investors and hedge funds.
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.