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

Capital City Bank Group (NASDAQ:CCBG) released its quarterly earnings data on Tuesday. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate 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 Price Performance

Shares of CCBG stock opened at $37.06 on Tuesday. Capital City Bank Group has a fifty-two week low of $25.45 and a fifty-two week high of $40.86. The firm has a market capitalization of $627.94 million, a price-to-earnings ratio of 12.15 and a beta of 0.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The stock’s 50-day simple moving average is $37.34 and its 200-day simple moving average is $35.38.

Capital City Bank Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CCBG. Keefe, Bruyette & Woods lifted their price objective on Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. StockNews.com downgraded shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Friday.

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- 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.