Capital City Bank Group (NASDAQ:CCBG) Releases Earnings Results, Beats Estimates By $0.07 EPS

Capital City Bank Group (NASDAQ:CCBG) posted its earnings results on Tuesday. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07, Zacks reports. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%.

Capital City Bank Group Stock Up 1.9 %

NASDAQ:CCBG opened at $37.06 on Tuesday. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $40.86. The company has a market cap of $627.94 million, a price-to-earnings ratio of 12.15 and a beta of 0.56. The stock has a fifty day simple moving average of $37.34 and a 200-day simple moving average of $35.38. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11.

Capital City Bank Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a dividend of $0.23 per share. The ex-dividend date was Monday, December 9th. This represents a $0.92 annualized dividend and a dividend yield of 2.48%. Capital City Bank Group’s dividend payout ratio (DPR) is 30.16%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com lowered shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Friday. Keefe, Bruyette & Woods lifted their price objective on shares of Capital City Bank Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th.

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.