Capital City Bank Group (CCBG) to Issue Quarterly Dividend of $0.27 on June 15th

Capital City Bank Group (NASDAQ:CCBG) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Monday, June 1st will be given a dividend of 0.27 per share by the financial services provider on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, June 1st.

Capital City Bank Group has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 11 consecutive years. Capital City Bank Group has a dividend payout ratio of 33.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Capital City Bank Group to earn $3.75 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 28.8%.

Capital City Bank Group Price Performance

Capital City Bank Group stock opened at $45.64 on Friday. The stock has a market cap of $780.44 million, a P/E ratio of 12.93 and a beta of 0.33. The company has a fifty day simple moving average of $45.52 and a 200-day simple moving average of $43.69. Capital City Bank Group has a 12-month low of $35.94 and a 12-month high of $48.78. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Monday, April 20th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. The business had revenue of $62.75 million during the quarter, compared to analysts’ expectations of $63.25 million. Capital City Bank Group had a net margin of 21.01% and a return on equity of 11.10%. Equities analysts expect that Capital City Bank Group will post 3.69 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on CCBG. Brean Capital cut shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 21st. Keefe, Bruyette & Woods lifted their price objective on shares of Capital City Bank Group from $45.00 to $50.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 21st. Wall Street Zen cut shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a research report on Friday, March 27th. Finally, Capital One Financial set a $49.50 price objective on shares of Capital City Bank Group in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $49.75.

Capital City Bank Group Company Profile

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.