Capital City Bank Group (NASDAQ:CCBG) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Capital City Bank Group (NASDAQ:CCBG) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05, Zacks reports. Capital City Bank Group had a return on equity of 11.10% and a net margin of 21.01%.The firm had revenue of $63.88 million during the quarter, compared to the consensus estimate of $64.25 million.

Capital City Bank Group Price Performance

CCBG opened at $51.83 on Wednesday. The firm has a market cap of $886.29 million, a P/E ratio of 14.68 and a beta of 0.31. The firm has a 50-day moving average of $47.52 and a 200 day moving average of $45.18. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79. Capital City Bank Group has a fifty-two week low of $38.00 and a fifty-two week high of $52.20.

Capital City Bank Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 annualized dividend and a dividend yield of 2.1%. Capital City Bank Group’s dividend payout ratio (DPR) is currently 30.59%.

Analysts Set New Price Targets

CCBG has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a research report on Wednesday, June 24th. Brean Capital lowered shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 21st. Capital One Financial set a $49.50 price target on shares of Capital City Bank Group in a research report on Tuesday, April 21st. Wall Street Zen cut shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Capital City Bank Group from $45.00 to $50.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.75.

Institutional Trading of Capital City Bank Group

Several hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its stake in shares of Capital City Bank Group by 24.1% during the 1st quarter. AQR Capital Management LLC now owns 12,177 shares of the financial services provider’s stock worth $438,000 after purchasing an additional 2,362 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Capital City Bank Group by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider’s stock worth $294,000 after buying an additional 327 shares during the last quarter. Empowered Funds LLC increased its position in Capital City Bank Group by 8.1% in the first quarter. Empowered Funds LLC now owns 28,079 shares of the financial services provider’s stock worth $1,010,000 after buying an additional 2,115 shares during the last quarter. Jane Street Group LLC purchased a new stake in Capital City Bank Group in the 1st quarter worth about $555,000. Finally, Rhumbline Advisers lifted its stake in shares of Capital City Bank Group by 4.7% during the 2nd quarter. Rhumbline Advisers now owns 21,994 shares of the financial services provider’s stock valued at $865,000 after buying an additional 982 shares in the last quarter. Institutional investors 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.