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

Capital City Bank Group, Inc. (NASDAQ:CCBG) declared a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Shareholders of record on Monday, December 9th will be paid 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 dividend yield of 2.35%. The ex-dividend date is Monday, December 9th.

Capital City Bank Group has increased its dividend payment by an average of 10.1% annually over the last three years. Capital City Bank Group has a payout ratio of 31.4% indicating that 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 business’s 50 day moving average is $35.79 and its two-hundred day moving average is $32.21. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $40.08. The company has a market capitalization of $662.69 million, a P/E ratio of 12.83 and a beta of 0.53. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. The business had revenue of $68.84 million during the quarter, compared to analysts’ expectations of $54.40 million. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. Equities analysts forecast that Capital City Bank Group will post 3.05 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on CCBG shares. StockNews.com raised Capital City Bank Group from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Piper Sandler cut Capital City Bank Group from an “overweight” rating to a “neutral” rating and raised their price target for the company from $30.00 to $34.00 in a report on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.80.

Insider Buying and Selling

In related news, Treasurer Thomas A. Barron sold 3,000 shares of Capital City Bank Group stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total transaction 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 approximately $4,756,424.61. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 19.40% of the stock is currently owned by insiders.

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.