Capital City Bank Group, Inc. (NASDAQ:CCBG) Announces Quarterly Dividend of $0.23

Capital City Bank Group, Inc. (NASDAQ:CCBG) declared a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Monday, December 9th.

Capital City Bank Group has increased 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 31.4% meaning 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 Price Performance

CCBG stock opened at $39.12 on Friday. The stock has a market capitalization of $662.69 million, a PE ratio of 12.83 and a beta of 0.53. The company’s 50-day moving average is $35.79 and its 200-day moving average is $32.17. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. Capital City Bank Group has a 1 year low of $25.45 and a 1 year high of $40.08.

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

Insider Activity at Capital City Bank Group

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the completion of the sale, the treasurer now owns 140,681 shares in the company, valued at approximately $4,756,424.61. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 19.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Piper Sandler cut shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $30.00 to $34.00 in a research report on Monday, July 29th. StockNews.com raised shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.80.

Capital City Bank Group Company Profile

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.