Capital City Bank Group, Inc. (NASDAQ:CCBG) Declares Quarterly Dividend of $0.20

Capital City Bank Group, Inc. (NASDAQ:CCBG) announced a quarterly dividend on Thursday, August 24th, Zacks reports. Shareholders of record on Monday, September 11th will be paid a dividend of 0.20 per share by the financial services provider on Monday, September 25th. This represents a $0.80 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Friday, September 8th. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.18.

Capital City Bank Group has increased its dividend by an average of 11.2% per year over the last three years and has increased its dividend every year for the last 9 years. Capital City Bank Group has a payout ratio of 24.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Capital City Bank Group to earn $2.94 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 27.2%.

Capital City Bank Group Price Performance

Shares of CCBG opened at $30.25 on Thursday. The stock has a market cap of $513.95 million, a PE ratio of 9.82 and a beta of 0.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 0.80. Capital City Bank Group has a fifty-two week low of $28.03 and a fifty-two week high of $36.86. The firm’s 50-day simple moving average is $31.36 and its two-hundred day simple moving average is $31.08.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.85 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.85. The business had revenue of $67.95 million for the quarter, compared to analysts’ expectations of $62.80 million. Capital City Bank Group had a net margin of 20.61% and a return on equity of 13.13%. Analysts anticipate that Capital City Bank Group will post 3.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Piper Sandler reduced their price target on shares of Capital City Bank Group from $42.00 to $38.00 and set an “overweight” rating for the company in a research report on Tuesday, August 15th. StockNews.com assumed coverage on shares of Capital City Bank Group in a research report on Thursday, August 17th. They set a “hold” rating for the company.

Insider Activity at Capital City Bank Group

In other news, Director Laura L. Johnson purchased 1,000 shares of Capital City Bank Group stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average price of $30.53 per share, with a total value of $30,530.00. Following the completion of the transaction, the director now directly owns 33,091 shares of the company’s stock, valued at $1,010,268.23. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 23.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Capital City Bank Group

Large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its position in Capital City Bank Group by 9.8% in the 1st quarter. First Trust Advisors LP now owns 8,598 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 765 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Capital City Bank Group in the 4th quarter worth approximately $209,000. BNP Paribas Arbitrage SNC grew its position in Capital City Bank Group by 26.9% in the 1st quarter. BNP Paribas Arbitrage SNC now owns 7,145 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 1,516 shares during the period. UBS Group AG bought a new stake in Capital City Bank Group in the 4th quarter worth approximately $179,000. Finally, Citigroup Inc. boosted its stake in shares of Capital City Bank Group by 1,156.9% during the 2nd quarter. Citigroup Inc. now owns 4,286 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 3,945 shares during the last quarter. Institutional investors own 45.79% of the company’s stock.

Capital City Bank Group Company Profile

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