Capital City Bank Group, Inc. Declares Quarterly Dividend of $0.23 (NASDAQ:CCBG)

Capital City Bank Group, Inc. (NASDAQ:CCBG) announced a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Shareholders of record on Monday, December 9th will be given a dividend of 0.23 per share by the financial services provider on Monday, December 23rd. This represents a $0.92 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Monday, December 9th.

Capital City Bank Group has raised its dividend payment by an average of 10.1% annually over the last three years. Capital City Bank Group has a dividend payout ratio of 31.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Capital City Bank Group to earn $3.06 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 30.1%.

Capital City Bank Group Trading Up 1.8 %

Shares of CCBG stock opened at $39.12 on Friday. The company has a 50 day moving average of $35.79 and a 200-day moving average of $32.17. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. Capital City Bank Group has a 12-month low of $25.45 and a 12-month high of $40.08. The firm has a market cap of $662.69 million, a P/E ratio of 12.83 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.01. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%. The company had revenue of $68.84 million during the quarter, compared to analyst estimates of $54.40 million. Sell-side analysts anticipate that Capital City Bank Group will post 3.05 earnings per share for the current year.

Insider Activity at Capital City Bank Group

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the completion of the transaction, the treasurer now directly owns 140,681 shares of the company’s stock, valued at $4,756,424.61. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 19.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Piper Sandler lowered shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $30.00 to $34.00 in a research note on Monday, July 29th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.80.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking- related services to individual and corporate clients. The company offers financing for commercial business properties, equipment, inventories, and accounts receivable, as well as commercial leasing and letters of credit; treasury management services; and merchant credit card transaction processing services.