Capital City Bank Group (NASDAQ:CCBG) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Capital City Bank Group (NASDAQ:CCBG) issued its earnings results on Tuesday. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07, Zacks reports. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%.

Capital City Bank Group Stock Performance

Shares of CCBG opened at $37.06 on Tuesday. The firm has a market cap of $627.94 million, a price-to-earnings ratio of 12.15 and a beta of 0.56. The company’s fifty day moving average is $37.34 and its 200-day moving average is $35.38. 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 $40.86.

Capital City Bank Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.48%. The ex-dividend date was Monday, December 9th. Capital City Bank Group’s payout ratio is presently 30.16%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CCBG. StockNews.com cut Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Friday. Keefe, Bruyette & Woods lifted their target price on shares of Capital City Bank Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th.

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.