Capital City Bank Group, Inc. (NASDAQ:CCBG) Raises Dividend to $0.24 Per Share

Capital City Bank Group, Inc. (NASDAQ:CCBG) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders of record on Monday, March 10th will be given a dividend of 0.24 per share by the financial services provider on Monday, March 24th. This represents a $0.96 annualized dividend and a dividend yield of 2.65%. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.23.

Capital City Bank Group has raised its dividend by an average of 12.4% annually over the last three years. Capital City Bank Group has a dividend payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Capital City Bank Group to earn $3.24 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 28.4%.

Capital City Bank Group Stock Performance

NASDAQ CCBG traded down $0.20 during trading hours on Thursday, hitting $36.24. The company’s stock had a trading volume of 27,197 shares, compared to its average volume of 23,297. The company’s 50 day simple moving average is $36.44 and its two-hundred day simple moving average is $36.02. The company has a market cap of $614.05 million, a P/E ratio of 11.62 and a beta of 0.56. Capital City Bank Group has a 12 month low of $25.45 and a 12 month high of $40.86. 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 (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. As a group, sell-side analysts expect that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on CCBG shares. Keefe, Bruyette & Woods upped their price objective on Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. StockNews.com upgraded Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 1st.

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.