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

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) announced its earnings results on Tuesday. The financial services provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.05, Zacks reports. Capital City Bank Group had a net margin of 20.86% and a return on equity of 11.74%. The business had revenue of $63.20 million during the quarter, compared to analysts' expectations of $62.35 million. During the same period in the prior year, the company earned $0.83 earnings per share.

Capital City Bank Group Price Performance

Shares of CCBG stock traded down $0.49 during trading hours on Thursday, hitting $41.18. The company's stock had a trading volume of 11,324 shares, compared to its average volume of 28,352. The business has a fifty day moving average of $38.96 and a 200-day moving average of $37.05. The stock has a market cap of $702.24 million, a price-to-earnings ratio of 12.08 and a beta of 0.36. Capital City Bank Group has a twelve month low of $30.99 and a twelve month high of $42.33. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.10.

Capital City Bank Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 9th were given a $0.24 dividend. The ex-dividend date was Monday, June 9th. This represents a $0.96 annualized dividend and a dividend yield of 2.33%. Capital City Bank Group's dividend payout ratio is presently 28.07%.

Analyst Upgrades and Downgrades

CCBG has been the subject of a number of research reports. Keefe, Bruyette & Woods upped their target price on shares of Capital City Bank Group from $43.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday. Wall Street Zen lowered shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st.

Institutional Trading of Capital City Bank Group

Several large investors have recently modified their holdings of CCBG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Capital City Bank Group by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider's stock valued at $294,000 after buying an additional 327 shares during the period. AQR Capital Management LLC boosted its position in Capital City Bank Group by 24.1% during the first quarter. AQR Capital Management LLC now owns 12,177 shares of the financial services provider's stock worth $438,000 after acquiring an additional 2,362 shares during the last quarter. Jane Street Group LLC acquired a new stake in Capital City Bank Group during the first quarter worth approximately $555,000. Finally, Empowered Funds LLC boosted its position in Capital City Bank Group by 8.1% during the first quarter. Empowered Funds LLC now owns 28,079 shares of the financial services provider's stock worth $1,010,000 after acquiring an additional 2,115 shares during the last quarter. 44.59% of the stock is currently owned by institutional investors and hedge funds.

About Capital City Bank Group

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.