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

Key Points

• Capital City Bank Group reported quarterly EPS of $0.99, beating analyst expectations by $0.05. The company posted a 21.37% net margin and 11.11% return on equity.
• Shares opened down 0.9% at $48.63, valuing the company at approximately $832 million. The stock has traded between $38.27 and $53.60 over the past year.
• The company paid a quarterly dividend of $0.27 per share, equivalent to an annualized $1.08 dividend and a 2.2% yield. Analysts maintain a consensus “Hold” rating with a $51.75 price target.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) released its quarterly earnings results on Tuesday. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.94 by $0.05, Zacks reports. Capital City Bank Group had a net margin of 21.37% and a return on equity of 11.11%.

Capital City Bank Group Trading Down 0.9%

Shares of Capital City Bank Group stock opened at $48.63 on Tuesday. The company has a market capitalization of $832.06 million, a P/E ratio of 13.63 and a beta of 0.36. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.78 and a current ratio of 0.79. The company has a fifty day moving average of $50.25 and a 200 day moving average of $48.63. Capital City Bank Group has a fifty-two week low of $38.27 and a fifty-two week high of $53.60.

Capital City Bank Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, September 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.2%. Capital City Bank Group's payout ratio is 30.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CCBG. Wall Street Zen downgraded shares of Capital City Bank Group from a "hold" rating to a "sell" rating in a report on Saturday, October 10th. Weiss Ratings upgraded shares of Capital City Bank Group from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, October 8th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Capital City Bank Group from $52.00 to $54.00 and gave the company a "market perform" rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $51.75.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a bank holding company headquartered in Tallahassee, Florida. Through its subsidiary, Capital City Bank, the company provides financial services to consumers, businesses, and institutions in North Florida and parts of Central Florida and Georgia.

Capital City Bank offers deposit products, checking and savings accounts, residential and commercial loans, mortgages, consumer financing, and other lending services. Its banking platform also includes online and mobile banking, treasury management, payment services, and other tools designed to support personal and business customers.

The company provides additional financial services through wealth management, trust, investment, and brokerage offerings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.