Capital City Bank Group, Inc. (NASDAQ:CCBG) to Post FY2022 Earnings of $2.43 Per Share, DA Davidson Forecasts

Capital City Bank Group, Inc. (NASDAQ:CCBGGet Rating) – Equities research analysts at DA Davidson cut their FY2022 earnings per share (EPS) estimates for Capital City Bank Group in a research note issued on Tuesday, August 2nd. DA Davidson analyst K. Fitzsimmons now expects that the financial services provider will earn $2.43 per share for the year, down from their previous estimate of $2.54. The consensus estimate for Capital City Bank Group’s current full-year earnings is $2.45 per share. DA Davidson also issued estimates for Capital City Bank Group’s FY2023 earnings at $3.28 EPS.

Capital City Bank Group (NASDAQ:CCBGGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.02). Capital City Bank Group had a return on equity of 9.14% and a net margin of 15.95%.

A number of other research analysts have also recently commented on CCBG. Piper Sandler increased their target price on Capital City Bank Group to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. StockNews.com cut Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 18th.

Capital City Bank Group Stock Down 0.5 %

CCBG opened at $32.93 on Thursday. The stock has a market cap of $558.10 million, a PE ratio of 16.55 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.14. Capital City Bank Group has a 52 week low of $22.01 and a 52 week high of $33.90. The business’s fifty day simple moving average is $28.72 and its 200 day simple moving average is $27.40.

Institutional Trading of Capital City Bank Group

Several institutional investors and hedge funds have recently bought and sold shares of CCBG. Amalgamated Bank purchased a new stake in Capital City Bank Group in the first quarter worth about $43,000. KBC Group NV lifted its holdings in Capital City Bank Group by 31.3% in the first quarter. KBC Group NV now owns 3,616 shares of the financial services provider’s stock worth $95,000 after buying an additional 861 shares during the period. SG Americas Securities LLC purchased a new position in shares of Capital City Bank Group during the second quarter valued at approximately $159,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Capital City Bank Group by 82.1% during the fourth quarter. BNP Paribas Arbitrage SA now owns 7,701 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 3,472 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of Capital City Bank Group during the fourth quarter valued at approximately $207,000. 43.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Capital City Bank Group

In other news, Treasurer Thomas A. Barron sold 4,182 shares of the stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $26.94, for a total transaction of $112,663.08. Following the completion of the sale, the treasurer now directly owns 141,085 shares in the company, valued at $3,800,829.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 20.84% of the stock is currently owned by company insiders.

Capital City Bank Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 20th. Stockholders of record on Monday, June 6th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, June 3rd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.94%. Capital City Bank Group’s dividend payout ratio (DPR) is currently 32.16%.

About Capital City Bank Group

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Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking and 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.

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Earnings History and Estimates for Capital City Bank Group (NASDAQ:CCBG)

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