Capital City Bank Group (NASDAQ:CCBG) Plans $0.27 Quarterly Dividend

Capital City Bank Group (NASDAQ:CCBG) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Monday, June 1st will be given a dividend of 0.27 per share by the financial services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, June 1st.

Capital City Bank Group has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 11 consecutive years. Capital City Bank Group has a payout ratio of 33.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Capital City Bank Group to earn $3.75 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 28.8%.

Capital City Bank Group Price Performance

CCBG opened at $46.49 on Thursday. The business has a fifty day moving average of $44.94 and a 200 day moving average of $43.39. Capital City Bank Group has a 52-week low of $35.94 and a 52-week high of $48.78. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. The stock has a market cap of $794.98 million, a P/E ratio of 13.17 and a beta of 0.33.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Monday, April 20th. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.07. Capital City Bank Group had a return on equity of 11.10% and a net margin of 21.01%.The business had revenue of $62.75 million during the quarter, compared to analysts’ expectations of $63.25 million. As a group, sell-side analysts anticipate that Capital City Bank Group will post 3.69 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new position in shares of Capital City Bank Group in the 3rd quarter worth $28,000. Quarry LP bought a new position in shares of Capital City Bank Group in the 3rd quarter worth $38,000. SG Americas Securities LLC bought a new position in shares of Capital City Bank Group in the 3rd quarter worth $122,000. Raymond James Financial Inc. bought a new position in shares of Capital City Bank Group in the 2nd quarter worth $150,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Capital City Bank Group by 1,282.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,106 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 3,809 shares in the last quarter. 44.59% of the stock is owned by institutional investors.

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.