Capital City Bank Group (CCBG) Set to Announce Earnings on Monday

Capital City Bank Group (NASDAQ:CCBG) is scheduled to be announcing its earnings results on Monday, April 22nd.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.70 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.02). The company had revenue of $63.34 million for the quarter, compared to analyst estimates of $56.50 million. Capital City Bank Group had a net margin of 20.67% and a return on equity of 12.99%. On average, analysts expect Capital City Bank Group to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Capital City Bank Group Trading Up 4.2 %

Shares of Capital City Bank Group stock opened at $27.09 on Friday. The firm has a market capitalization of $458.90 million, a PE ratio of 8.44 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.81 and a quick ratio of 0.81. The company’s fifty day moving average price is $27.53 and its two-hundred day moving average price is $28.37. Capital City Bank Group has a 52-week low of $25.57 and a 52-week high of $34.16.

Capital City Bank Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.10%. The ex-dividend date was Friday, March 8th. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.20. Capital City Bank Group’s payout ratio is 26.17%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CCBG shares. Janney Montgomery Scott raised shares of Capital City Bank Group from a “neutral” rating to a “buy” rating and set a $37.50 target price on the stock in a report on Wednesday, January 24th. DA Davidson reduced their price target on shares of Capital City Bank Group from $34.00 to $32.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 2nd. Finally, Piper Sandler initiated coverage on shares of Capital City Bank Group in a research report on Friday, January 5th. They set an “overweight” rating and a $34.00 price target on the stock.

Insider Buying and Selling

In other Capital City Bank Group news, Director Marshall M. Criser III bought 1,300 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were bought at an average cost of $28.19 per share, for a total transaction of $36,647.00. Following the transaction, the director now owns 15,200 shares in the company, valued at approximately $428,488. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 19.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CCBG. West Tower Group LLC lifted its position in Capital City Bank Group by 564.9% during the 4th quarter. West Tower Group LLC now owns 1,230 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,045 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Capital City Bank Group by 93.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,428 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 689 shares during the period. Captrust Financial Advisors raised its position in shares of Capital City Bank Group by 599.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,986 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 1,702 shares during the period. Lazard Asset Management LLC raised its position in shares of Capital City Bank Group by 178.8% in the 2nd quarter. Lazard Asset Management LLC now owns 2,755 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 1,767 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in shares of Capital City Bank Group by 15.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,231 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 568 shares during the period. 44.59% of the stock is currently owned by institutional investors and hedge funds.

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.