Capital City Bank Group, Inc. (CCBG) to Issue Quarterly Dividend of $0.24 on March 24th

Capital City Bank Group, Inc. (NASDAQ:CCBG) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.24 per share by the financial services provider on Monday, March 24th. This represents a $0.96 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Monday, March 10th. This is a 4.3% increase from Capital City Bank Group’s previous quarterly dividend of $0.23.

Capital City Bank Group has increased its dividend payment by an average of 12.4% annually over the last three years and has increased its dividend every year for the last 11 years. Capital City Bank Group has a payout ratio of 30.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Capital City Bank Group to earn $3.24 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 29.6%.

Capital City Bank Group Trading Up 0.6 %

Shares of CCBG opened at $36.29 on Friday. Capital City Bank Group has a 52-week low of $25.45 and a 52-week high of $40.86. The business’s fifty day moving average is $36.39 and its 200-day moving average is $36.20. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market cap of $614.90 million, a price-to-earnings ratio of 11.63 and a beta of 0.54.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. Equities analysts anticipate that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Analysts Set New Price Targets

CCBG has been the topic of several recent research reports. StockNews.com downgraded Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Friday. Keefe, Bruyette & Woods boosted their price objective on Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, January 31st.

About Capital City Bank Group

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.