Capital City Bank Group (NASDAQ:CCBG) Posts Earnings Results

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

Capital City Bank Group Trading Down 1.0%

Shares of NASDAQ:CCBG traded down $0.42 during midday trading on Friday, hitting $40.52. 2,790 shares of the stock traded hands, compared to its average volume of 28,312. The stock has a market capitalization of $691.27 million, a PE ratio of 11.86 and a beta of 0.36. The business's 50 day moving average is $39.00 and its two-hundred day moving average is $37.09. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.10. Capital City Bank Group has a one year low of $30.99 and a one year high of $42.33.

Capital City Bank Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 9th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Monday, June 9th. Capital City Bank Group's dividend payout ratio (DPR) is 28.07%.

Hedge Funds Weigh In On Capital City Bank Group

Several hedge funds and other institutional investors have recently modified their holdings of CCBG. Empowered Funds LLC lifted its stake in shares of 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 in the last quarter. Jane Street Group LLC bought a new position in Capital City Bank Group in the first quarter worth approximately $555,000. AQR Capital Management LLC raised its position in Capital City Bank Group by 24.1% in 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 period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 purchasing an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 44.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CCBG shares. Keefe, Bruyette & Woods raised their price target on shares of Capital City Bank Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a research note on Wednesday. Wall Street Zen lowered shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st.

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.