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

Capital City Bank Group, Inc. (NASDAQ:CCBG) declared a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Investors of record on Monday, December 9th will be given a dividend of 0.23 per share by the financial services provider on Monday, December 23rd. This represents a $0.92 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Monday, December 9th.

Capital City Bank Group has raised its dividend payment by an average of 10.1% annually over the last three years. Capital City Bank Group has a dividend payout ratio of 31.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Capital City Bank Group to earn $3.06 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 30.1%.

Capital City Bank Group Stock Down 0.8 %

Shares of CCBG opened at $39.25 on Friday. The firm has a market capitalization of $664.90 million, a price-to-earnings ratio of 12.87 and a beta of 0.56. Capital City Bank Group has a 52 week low of $25.45 and a 52 week high of $40.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The business’s fifty day moving average price is $36.66 and its two-hundred day moving average price is $32.98.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The firm had revenue of $68.84 million during the quarter, compared to analyst estimates of $54.40 million. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. On average, analysts predict that Capital City Bank Group will post 3.05 earnings per share for the current year.

Insider Activity

In related news, Treasurer Thomas A. Barron sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the transaction, the treasurer now owns 140,681 shares in the company, valued at approximately $4,756,424.61. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 19.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CCBG shares. Keefe, Bruyette & Woods lifted their price target on shares of Capital City Bank Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday. StockNews.com lowered shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $36.80.

About Capital City Bank Group

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.