Capital City Bank Group, Inc. (CCBG) to Issue Quarterly Dividend of $0.23 on December 23rd

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 dividend on an annualized basis and a 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% per year 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. Equities 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 Price Performance

CCBG stock opened at $39.12 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The firm has a market capitalization of $662.69 million, a P/E ratio of 12.83 and a beta of 0.53. 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 1 year low of $25.45 and a 1 year high of $40.08.

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

Insider Buying and Selling

In related news, Treasurer Thomas A. Barron sold 3,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the treasurer now owns 140,681 shares in the company, valued at $4,756,424.61. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 19.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CCBG has been the topic of a number of recent analyst reports. Piper Sandler downgraded Capital City Bank Group from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $30.00 to $34.00 in a report on Monday, July 29th. StockNews.com upgraded Capital City Bank Group from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.80.

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.