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

Capital City Bank Group (NASDAQ:CCBG) announced a quarterly dividend on Wednesday, May 20th. Stockholders of record on Monday, June 1st will be given a dividend of 0.27 per share by the financial services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, June 1st.

Capital City Bank Group has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 11 years. Capital City Bank Group has a dividend 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 1.1%

CCBG opened at $46.49 on Thursday. The company has a market capitalization of $794.98 million, a P/E ratio of 13.17 and a beta of 0.33. The stock has a fifty day moving average of $44.94 and a 200-day moving average of $43.39. Capital City Bank Group has a fifty-two week low of $35.94 and a fifty-two week high of $48.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Monday, April 20th. The financial services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. The business had revenue of $62.75 million during the quarter, compared to the consensus estimate of $63.25 million. Capital City Bank Group had a return on equity of 11.10% and a net margin of 21.01%. On average, equities analysts expect that Capital City Bank Group will post 3.69 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a research note on Friday, March 27th. Zacks Research downgraded Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Keefe, Bruyette & Woods boosted their price target on Capital City Bank Group from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Tuesday, April 21st. Capital One Financial set a $49.50 price target on Capital City Bank Group in a research note on Tuesday, April 21st. Finally, Brean Capital downgraded Capital City Bank Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Capital City Bank Group presently has an average rating of “Hold” and an average target price of $49.75.

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.