Capital City Bank Group (NASDAQ:CCBG) Releases Earnings Results, Misses Estimates By $0.09 EPS

Capital City Bank Group (NASDAQ:CCBG) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.09), Zacks reports. Capital City Bank Group had a return on equity of 11.75% and a net margin of 21.50%.

Capital City Bank Group Stock Down 0.9%

Shares of CCBG opened at $43.90 on Tuesday. The firm has a market cap of $749.37 million, a P/E ratio of 12.30 and a beta of 0.36. Capital City Bank Group has a 1 year low of $32.38 and a 1 year high of $46.83. The stock has a 50 day simple moving average of $43.07 and a two-hundred day simple moving average of $41.97. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.83.

Capital City Bank Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.04 annualized dividend and a yield of 2.4%. Capital City Bank Group’s payout ratio is 29.13%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CCBG. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a research note on Monday, December 29th. Zacks Research raised Capital City Bank Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $45.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new stake in Capital City Bank Group during the 3rd quarter valued at about $38,000. Raymond James Financial Inc. bought a new stake in shares of Capital City Bank Group in the 2nd quarter worth approximately $150,000. Tower Research Capital LLC TRC lifted its stake in Capital City Bank Group by 1,282.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,106 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 3,809 shares during the period. Vident Advisory LLC purchased a new stake in shares of Capital City Bank Group in the 2nd quarter worth about $201,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Capital City Bank Group during the 2nd quarter valued at approximately $222,000. 44.59% of the stock is owned by institutional investors.

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.