Capital City Bank Group (CCBG) to Issue Quarterly Dividend of $0.27 on March 23rd

Capital City Bank Group (NASDAQ:CCBG) declared a quarterly dividend on Thursday, February 26th. Investors of record on Monday, March 9th will be paid a dividend of 0.27 per share by the financial services provider on Monday, March 23rd. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, March 9th. This is a 3.8% increase from Capital City Bank Group’s previous quarterly dividend of $0.26.

Capital City Bank Group has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 11 consecutive years. Capital City Bank Group has a payout ratio of 33.4% meaning its dividend is sufficiently covered by earnings. Equities research 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 $1.08 annual dividend with an expected future payout ratio of 33.3%.

Capital City Bank Group Stock Up 0.7%

CCBG opened at $42.76 on Friday. Capital City Bank Group has a 52 week low of $32.38 and a 52 week high of $46.83. The business has a 50 day moving average price of $43.07 and a two-hundred day moving average price of $42.42. 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 company has a market cap of $733.33 million, a PE ratio of 11.88 and a beta of 0.32.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, January 27th. The financial services provider reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.09). The company had revenue of $63.46 million during the quarter, compared to analysts’ expectations of $64.65 million. Capital City Bank Group had a net margin of 21.47% and a return on equity of 11.55%. As a group, research analysts anticipate that Capital City Bank Group will post 3.06 EPS for the current year.

Institutional Trading of Capital City Bank Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bailard Inc. purchased a new stake in Capital City Bank Group during the 3rd quarter worth about $736,000. American Century Companies Inc. lifted its holdings in Capital City Bank Group by 13.8% in the 2nd quarter. American Century Companies Inc. now owns 293,407 shares of the financial services provider’s stock valued at $11,546,000 after purchasing an additional 35,603 shares in the last quarter. Integrated Quantitative Investments LLC purchased a new position in Capital City Bank Group in the 2nd quarter valued at about $336,000. SummerHaven Investment Management LLC acquired a new stake in shares of Capital City Bank Group during the 3rd quarter worth about $852,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Capital City Bank Group during the 2nd quarter worth about $150,000. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

About Capital City Bank Group

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.