Capital City Bank Group (NASDAQ:CCBG) Issues Earnings Results, Beats Estimates By $0.05 EPS

Capital City Bank Group (NASDAQ:CCBG) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05, Zacks reports. Capital City Bank Group had a return on equity of 11.11% and a net margin of 21.37%.

Capital City Bank Group Stock Down 0.9%

Shares of CCBG opened at $48.63 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average of $50.25 and a 200 day moving average of $48.63. The company has a market cap of $832.06 million, a PE ratio of 13.63 and a beta of 0.36. Capital City Bank Group has a 52-week low of $38.27 and a 52-week high of $53.60.

Capital City Bank Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were given a $0.27 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $1.08 dividend on an annualized basis and a yield of 2.2%. Capital City Bank Group’s dividend payout ratio (DPR) is currently 30.00%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CCBG shares. Weiss Ratings raised shares of Capital City Bank Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Wall Street Zen cut shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Saturday, October 10th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Capital City Bank Group from $52.00 to $54.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Capital City Bank Group presently has a consensus rating of “Hold” and an average target price of $51.75.

About Capital City Bank Group

Capital City Bank Group, Inc is a bank holding company headquartered in Tallahassee, Florida. Through its subsidiary, Capital City Bank, the company provides financial services to consumers, businesses, and institutions in North Florida and parts of Central Florida and Georgia.

Capital City Bank offers deposit products, checking and savings accounts, residential and commercial loans, mortgages, consumer financing, and other lending services. Its banking platform also includes online and mobile banking, treasury management, payment services, and other tools designed to support personal and business customers.

The company provides additional financial services through wealth management, trust, investment, and brokerage offerings.