Capital City Bank Group (NASDAQ:CCBG) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Capital City Bank Group (NASDAQ:CCBG) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05, Zacks reports. The business had revenue of $64.39 million for the quarter, compared to analyst estimates of $65.50 million. Capital City Bank Group had a return on equity of 11.11% and a net margin of 21.37%.

Capital City Bank Group Price Performance

Shares of Capital City Bank Group stock opened at $49.41 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.78. Capital City Bank Group has a fifty-two week low of $38.27 and a fifty-two week high of $53.60. The firm has a fifty day moving average price of $50.20 and a two-hundred day moving average price of $48.67. The company has a market cap of $845.41 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. Shareholders of record on Tuesday, September 8th were issued a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $1.08 dividend on an annualized basis and a yield of 2.2%. Capital City Bank Group’s dividend payout ratio is 30.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CCBG shares. Keefe, Bruyette & Woods boosted their price objective on Capital City Bank Group from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 22nd. Wall Street Zen lowered Capital City Bank Group from a “hold” rating to a “sell” rating in a report on Saturday, October 10th. Finally, Weiss Ratings raised Capital City Bank Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital City Bank Group has an average rating of “Hold” and a consensus price target 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.