Capital City Bank Group (CCBG) Issues Earnings Results

Capital City Bank Group (NASDAQ:CCBG) issued its quarterly earnings data on Monday. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01, Fidelity Earnings reports. The business had revenue of $37.46 million for the quarter, compared to the consensus estimate of $37.50 million. Capital City Bank Group had a net margin of 17.37% and a return on equity of 7.71%.

Capital City Bank Group stock traded up $0.32 during mid-day trading on Tuesday, reaching $22.46. The stock had a trading volume of 79 shares, compared to its average volume of 16,917. The stock has a market cap of $394.65 million, a price-to-earnings ratio of 17.28 and a beta of 0.76. Capital City Bank Group has a one year low of $19.92 and a one year high of $26.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.80 and a quick ratio of 0.80.

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were paid a $0.11 dividend. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.44 dividend on an annualized basis and a yield of 1.96%. Capital City Bank Group’s payout ratio is presently 33.85%.

In related news, Treasurer Thomas A. Barron sold 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $23.53, for a total value of $117,650.00. Following the transaction, the treasurer now owns 130,237 shares in the company, valued at approximately $3,064,476.61. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Marshall M. Criser III bought 2,500 shares of the stock in a transaction on Thursday, February 7th. The shares were bought at an average price of $24.30 per share, for a total transaction of $60,750.00. Following the purchase, the director now directly owns 3,309 shares in the company, valued at approximately $80,408.70. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 5,832 shares of company stock worth $142,103. 20.90% of the stock is currently owned by company insiders.

An institutional investor recently raised its position in Capital City Bank Group stock. Geode Capital Management LLC raised its stake in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 6.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 131,621 shares of the financial services provider’s stock after acquiring an additional 7,512 shares during the period. Geode Capital Management LLC owned approximately 0.77% of Capital City Bank Group worth $3,054,000 as of its most recent SEC filing. 40.27% of the stock is owned by institutional investors.

A number of analysts have recently commented on the stock. Zacks Investment Research cut shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. BidaskClub upgraded shares of Capital City Bank Group from a “sell” rating to a “hold” rating in a report on Friday, April 5th. Stephens restated a “hold” rating and set a $25.00 target price on shares of Capital City Bank Group in a report on Wednesday, January 30th. Finally, ValuEngine cut shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $26.75.

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Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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.

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Earnings History for Capital City Bank Group (NASDAQ:CCBG)

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