Capital City Bank Group (NASDAQ:CCBG) Posts Earnings Results, Beats Estimates By $0.04 EPS

Capital City Bank Group (NASDAQ:CCBG) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04, Zacks reports. Capital City Bank Group had a return on equity of 11.10% and a net margin of 21.01%.

Capital City Bank Group Price Performance

Shares of NASDAQ:CCBG traded up $0.71 on Tuesday, hitting $50.65. The company’s stock had a trading volume of 16,788 shares, compared to its average volume of 95,434. The company has a market capitalization of $866.03 million, a PE ratio of 14.36 and a beta of 0.31. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.79. The company has a 50-day simple moving average of $47.40 and a 200 day simple moving average of $45.11. Capital City Bank Group has a 1 year low of $38.00 and a 1 year high of $52.10.

Capital City Bank Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, June 1st. Capital City Bank Group’s dividend payout ratio is currently 30.59%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CCBG shares. Wall Street Zen downgraded shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Brean Capital lowered shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 21st. Keefe, Bruyette & Woods increased their target price on Capital City Bank Group from $45.00 to $50.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 21st. Capital One Financial set a $49.50 price target on Capital City Bank Group in a report on Tuesday, April 21st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $49.75.

Hedge Funds Weigh In On Capital City Bank Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its stake in Capital City Bank Group by 12.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,291 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 939 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Capital City Bank Group by 33.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 9,946 shares of the financial services provider’s stock valued at $390,000 after buying an additional 2,482 shares in the last quarter. PharVision Advisers LLC bought a new stake in Capital City Bank Group in the 3rd quarter worth approximately $248,000. BNP Paribas Financial Markets boosted its stake in Capital City Bank Group by 213.3% in the third quarter. BNP Paribas Financial Markets now owns 5,962 shares of the financial services provider’s stock worth $249,000 after buying an additional 4,059 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in Capital City Bank Group during the second quarter valued at approximately $284,000. 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.