Capital City Bank Group (NASDAQ:CCBG) Releases Earnings Results

Capital City Bank Group (NASDAQ:CCBG) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.09), Zacks reports. Capital City Bank Group had a return on equity of 11.75% and a net margin of 21.50%.

Capital City Bank Group Stock Down 0.1%

NASDAQ:CCBG opened at $44.28 on Tuesday. Capital City Bank Group has a twelve month low of $32.38 and a twelve month high of $46.83. The firm has a market capitalization of $755.79 million, a price-to-earnings ratio of 12.33 and a beta of 0.36. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average price is $43.07 and its two-hundred day moving average price is $41.97.

Capital City Bank Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.26 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.3%. Capital City Bank Group’s dividend payout ratio (DPR) is 29.13%.

Institutional Investors Weigh In On Capital City Bank Group

Institutional investors have recently made changes to their positions in the company. Quarry LP bought a new stake in Capital City Bank Group in the 3rd quarter valued at about $38,000. Raymond James Financial Inc. bought a new stake in shares of Capital City Bank Group during the 2nd quarter worth approximately $150,000. Tower Research Capital LLC TRC boosted its position in shares of Capital City Bank Group by 1,282.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,106 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 3,809 shares in the last quarter. Vident Advisory LLC bought a new stake in Capital City Bank Group during the second quarter worth $201,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Capital City Bank Group in the 2nd quarter valued at $222,000. Institutional investors own 44.59% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a research note on Monday, December 29th. Zacks Research raised Capital City Bank Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, Capital City Bank Group currently has an average rating of “Buy” and an average target price of $45.00.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a Florida?based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.