Capital City Bank Group (NASDAQ:CCBG) Announces Quarterly Earnings Results

Capital City Bank Group (NASDAQ:CCBG) released its earnings results on Tuesday. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.94 by $0.05, Zacks reports. Capital City Bank Group had a return on equity of 11.11% and a net margin of 21.37%.

Capital City Bank Group Stock Performance

Shares of NASDAQ CCBG opened at $48.63 on Tuesday. The stock has a 50 day moving average price of $50.25 and a 200 day moving average price of $48.63. Capital City Bank Group has a 52 week low of $38.27 and a 52 week high of $53.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.78 and a current ratio of 0.79. The stock has a market capitalization of $832.06 million, a PE ratio of 13.51 and a beta of 0.36.

Capital City Bank Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $1.08 annualized dividend and a yield of 2.2%. Capital City Bank Group’s dividend payout ratio is 30.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CCBG. Keefe, Bruyette & Woods lifted their price objective on shares of Capital City Bank Group from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Capital City Bank Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen downgraded shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Saturday, October 10th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $51.75.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a bank holding company headquartered in Tallahassee, Florida. Through its subsidiary, Capital City Bank, the company provides financial services to consumers, businesses, and institutions in North Florida and parts of Central Florida and Georgia.

Capital City Bank offers deposit products, checking and savings accounts, residential and commercial loans, mortgages, consumer financing, and other lending services. Its banking platform also includes online and mobile banking, treasury management, payment services, and other tools designed to support personal and business customers.

The company provides additional financial services through wealth management, trust, investment, and brokerage offerings.