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

Capital City Bank Group, Inc. (NASDAQ:CCBG) declared a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Investors of record on Monday, December 9th will be paid 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 2.34%. The ex-dividend date is Monday, December 9th.

Capital City Bank Group has increased its dividend payment by an average of 10.1% per year over the last three years. Capital City Bank Group has a payout ratio of 31.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Capital City Bank Group to earn $2.95 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 31.2%.

Capital City Bank Group Stock Performance

Capital City Bank Group stock traded up $0.87 during trading hours on Friday, reaching $39.31. 14,203 shares of the company were exchanged, compared to its average volume of 31,476. Capital City Bank Group has a 12 month low of $25.45 and a 12 month high of $40.08. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average of $35.70 and a 200 day moving average of $32.09. The firm has a market cap of $665.91 million, a price-to-earnings ratio of 12.60 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.01. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. The company had revenue of $68.84 million during the quarter, compared to analysts’ expectations of $54.40 million.

Insider Transactions at Capital City Bank Group

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of the company’s 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 transaction, the treasurer now owns 140,681 shares of the company’s stock, valued at $4,756,424.61. This represents a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 19.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Keefe, Bruyette & Woods raised their price objective on Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Piper Sandler downgraded shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $30.00 to $34.00 in a research note on Monday, July 29th. Finally, StockNews.com raised shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a 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’s stock. Based on data from MarketBeat, Capital City Bank Group has a consensus rating of “Moderate Buy” and an average target price of $35.80.

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.