Capital City Bank Group (NASDAQ:CCBG) Raises Dividend to $0.27 Per Share

Capital City Bank Group (NASDAQ:CCBG) declared a quarterly dividend on Thursday, February 26th. Stockholders of record on Monday, March 9th will be paid a dividend of 0.27 per share by the financial services provider on Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, March 9th. This is a 3.8% increase from Capital City Bank Group’s previous quarterly dividend of $0.26.

Capital City Bank Group has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 11 years. Capital City Bank Group has a payout ratio of 32.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Capital City Bank Group to earn $3.24 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 32.1%.

Capital City Bank Group Trading Down 2.1%

NASDAQ:CCBG traded down $0.90 on Friday, hitting $42.48. 9,040 shares of the stock were exchanged, compared to its average volume of 80,463. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.83 and a current ratio of 0.83. Capital City Bank Group has a 52 week low of $32.38 and a 52 week high of $46.83. The stock has a market capitalization of $725.15 million, a price-to-earnings ratio of 11.83 and a beta of 0.34. The company’s 50-day moving average price is $43.09 and its 200 day moving average price is $42.32.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.09). Capital City Bank Group had a return on equity of 11.69% and a net margin of 21.47%.The business had revenue of $63.46 million for the quarter, compared to analyst estimates of $64.65 million. On average, equities research analysts forecast that Capital City Bank Group will post 3.06 earnings per share for the current year.

Institutional Trading of Capital City Bank Group

A number of hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new stake in shares of Capital City Bank Group during the third quarter worth $28,000. Quarry LP acquired a new stake in shares of Capital City Bank Group during the 3rd quarter valued at $38,000. CWM LLC grew its position in Capital City Bank Group by 140.7% during the 3rd quarter. CWM LLC now owns 2,270 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 1,327 shares during the last quarter. SG Americas Securities LLC bought a new stake in Capital City Bank Group during the 3rd quarter worth $122,000. Finally, Raymond James Financial Inc. acquired a new position in Capital City Bank Group in the 2nd quarter worth about $150,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

About Capital City Bank Group

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.