Capital City Bank Group, Inc. (CCBG) to Issue Quarterly Dividend of $0.21 on June 24th

Capital City Bank Group, Inc. (NASDAQ:CCBGGet Free Report) announced a quarterly dividend on Thursday, May 30th, Zacks reports. Stockholders of record on Monday, June 10th will be given a dividend of 0.21 per share by the financial services provider on Monday, June 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Monday, June 10th.

Capital City Bank Group has raised its dividend by an average of 10.1% per year over the last three years and has increased its dividend every year for the last 10 years. Capital City Bank Group has a payout ratio of 30.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Capital City Bank Group to earn $2.73 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 30.8%.

Capital City Bank Group Price Performance

CCBG stock opened at $26.92 on Friday. The firm has a 50 day moving average of $27.14 and a 200-day moving average of $27.94. Capital City Bank Group has a 12-month low of $25.57 and a 12-month high of $33.60. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.12. The company has a market cap of $456.02 million, a price-to-earnings ratio of 8.77 and a beta of 0.55.

Capital City Bank Group (NASDAQ:CCBGGet Free Report) last posted its quarterly earnings results on Monday, April 22nd. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. Capital City Bank Group had a net margin of 19.86% and a return on equity of 12.26%. The company had revenue of $56.45 million during the quarter, compared to the consensus estimate of $56.95 million. As a group, equities analysts expect that Capital City Bank Group will post 2.83 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on CCBG shares. Keefe, Bruyette & Woods cut their price objective on Capital City Bank Group from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Tuesday, April 23rd. Piper Sandler cut their price target on Capital City Bank Group from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.25.

Read Our Latest Stock Report on CCBG

Capital City Bank Group Company Profile

(Get Free Report)

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.

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Dividend History for Capital City Bank Group (NASDAQ:CCBG)

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