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

Capital City Bank Group (NASDAQ:CCBG) announced its quarterly earnings data 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. 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 11.67% and a net margin of 19.67%.

Capital City Bank Group Stock Up 2.0 %

NASDAQ CCBG opened at $34.99 on Wednesday. The stock has a fifty day moving average of $34.18 and a 200-day moving average of $30.59. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $592.84 million, a P/E ratio of 11.40 and a beta of 0.53. Capital City Bank Group has a 52 week low of $25.45 and a 52 week high of $36.67.

Capital City Bank Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.63%. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, September 9th. Capital City Bank Group’s dividend payout ratio is presently 29.97%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Piper Sandler cut shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $30.00 to $34.00 in a research note on Monday, July 29th. Hovde Group lifted their price target on Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods increased 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Capital City Bank Group currently has an average rating of “Hold” and an average target price of $35.80.

Insider Activity

In related news, Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the sale, the treasurer now directly owns 140,681 shares of the company’s stock, valued at approximately $4,756,424.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Treasurer Thomas A. Barron sold 3,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the sale, the treasurer now owns 140,681 shares of the company’s stock, valued at $4,756,424.61. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Treasurer Thomas A. Barron sold 8,000 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $35.26, for a total transaction of $282,080.00. Following the completion of the sale, the treasurer now owns 143,681 shares of the company’s stock, valued at approximately $5,066,192.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 19.40% of the stock is currently owned by company insiders.

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.