Capital City Bank Group (NASDAQ:CCBG) Announces Quarterly Dividend of $0.27

Capital City Bank Group (NASDAQ:CCBG) declared a quarterly dividend on Thursday, August 27th. Stockholders of record on Tuesday, September 8th will be given a dividend of 0.27 per share by the financial services provider on Tuesday, September 22nd. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 8th.

Capital City Bank Group has increased its dividend payment by an average of 0.1%per year 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% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Capital City Bank Group to earn $3.75 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 28.8%.

Capital City Bank Group Stock Up 0.2%

CCBG stock opened at $51.18 on Friday. Capital City Bank Group has a twelve month low of $38.27 and a twelve month high of $53.60. 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 stock has a market cap of $875.84 million, a P/E ratio of 14.22 and a beta of 0.31. The business’s 50-day moving average price is $50.70 and its 200-day moving average price is $46.80.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The company had revenue of $64.80 million during the quarter, compared to the consensus estimate of $64.25 million. Capital City Bank Group had a return on equity of 11.11% and a net margin of 21.37%. On average, equities research analysts forecast that Capital City Bank Group will post 3.69 EPS for the current year.

Institutional Trading of Capital City Bank Group

Several institutional investors have recently made changes to their positions in CCBG. Legato Capital Management LLC bought a new position in Capital City Bank Group in the 4th quarter worth approximately $469,000. Inceptionr LLC purchased a new stake in Capital City Bank Group during the 1st quarter valued at approximately $510,000. Heartland Advisors Inc. bought a new stake in shares of Capital City Bank Group during the second quarter valued at approximately $24,710,000. Jefferies Financial Group Inc. bought a new stake in shares of Capital City Bank Group during the fourth quarter valued at approximately $724,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Capital City Bank Group by 6.3% in the first quarter. Renaissance Technologies LLC now owns 174,871 shares of the financial services provider’s stock worth $7,600,000 after buying an additional 10,400 shares in the last quarter. Hedge funds and other institutional investors own 44.59% of the company’s stock.

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.