Capital City Bank Group (NASDAQ:CCBG) Posts Quarterly Earnings Results, Beats Estimates By $0.24 EPS

Capital City Bank Group (NASDAQ:CCBG) announced its quarterly earnings data on Monday. The financial services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.24, RTT News reports. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. The business had revenue of $61.45 million during the quarter, compared to analysts’ expectations of $59.75 million. During the same period in the previous year, the firm earned $0.74 earnings per share.

Capital City Bank Group Trading Up 1.5 %

NASDAQ CCBG opened at $36.11 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The stock’s 50-day moving average is $35.51 and its 200-day moving average is $36.41. Capital City Bank Group has a one year low of $25.45 and a one year high of $40.86. The firm has a market cap of $615.82 million, a P/E ratio of 11.57 and a beta of 0.37.

Capital City Bank Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.24 dividend. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Monday, March 10th. Capital City Bank Group’s dividend payout ratio is 30.77%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CCBG shares. Keefe, Bruyette & Woods boosted their target price on Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. StockNews.com cut shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Friday, March 7th.

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.