Capital City Bank Group (NASDAQ:CCBG) Hits New 1-Year High After Dividend Announcement

Capital City Bank Group, Inc. (NASDAQ:CCBG)’s stock price hit a new 52-week high during mid-day trading on Monday following a dividend announcement from the company. The company traded as high as $40.86 and last traded at $40.39, with a volume of 1827 shares. The stock had previously closed at $39.12.

The newly announced dividend which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.92 annualized dividend and a yield of 2.35%. Capital City Bank Group’s dividend payout ratio (DPR) is currently 30.16%.

Wall Street Analysts Forecast Growth

Separately, 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.80.

Capital City Bank Group Stock Down 0.7 %

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 firm has a 50-day moving average of $35.98 and a 200 day moving average of $32.40. The stock has a market capitalization of $664.71 million, a price-to-earnings ratio of 12.86 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. The company had revenue of $68.84 million during the quarter, compared to the consensus estimate of $54.40 million. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. As a group, sell-side analysts forecast that Capital City Bank Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Insider Activity

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of the firm’s stock in a transaction 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 owns 140,681 shares of the company’s stock, valued at $4,756,424.61. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 19.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Isthmus Partners LLC increased its stake in shares of Capital City Bank Group by 1.3% during the second quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,346 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Capital City Bank Group during the third quarter worth $35,000. Lazard Asset Management LLC boosted its position in shares of Capital City Bank Group by 22.3% in the first quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 662 shares during the period. Blue Trust Inc. grew its stake in shares of Capital City Bank Group by 1,482.3% in the third quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 3,928 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Capital City Bank Group during the third quarter worth about $184,000. 44.59% of the stock is owned by institutional investors.

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.