Capital City Bank Group (CCBG) Scheduled to Post Quarterly Earnings on Monday

Capital City Bank Group (NASDAQ:CCBG) is scheduled to release its earnings data on Monday, April 22nd.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). Capital City Bank Group had a net margin of 20.67% and a return on equity of 12.99%. The firm had revenue of $63.34 million during the quarter, compared to analyst estimates of $56.50 million. On average, analysts expect Capital City Bank Group to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Capital City Bank Group Stock Performance

NASDAQ CCBG opened at $27.09 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $27.53 and its two-hundred day moving average is $28.37. The stock has a market capitalization of $458.90 million, a price-to-earnings ratio of 8.44 and a beta of 0.53. Capital City Bank Group has a 12-month low of $25.57 and a 12-month high of $34.16.

Capital City Bank Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Friday, March 8th. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.20. Capital City Bank Group’s dividend payout ratio is currently 26.17%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CCBG. Janney Montgomery Scott raised shares of Capital City Bank Group from a “neutral” rating to a “buy” rating and set a $37.50 price target on the stock in a research note on Wednesday, January 24th. DA Davidson lowered their target price on shares of Capital City Bank Group from $34.00 to $32.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 2nd. Finally, Piper Sandler began coverage on shares of Capital City Bank Group in a research report on Friday, January 5th. They set an “overweight” rating and a $34.00 price target for the company.

Insider Activity

In related news, Director Marshall M. Criser III purchased 1,300 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was bought at an average cost of $28.19 per share, with a total value of $36,647.00. Following the completion of the acquisition, the director now directly owns 15,200 shares in the company, valued at approximately $428,488. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 19.40% of the company’s stock.

Hedge Funds Weigh In On Capital City Bank Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Swiss National Bank boosted its stake in Capital City Bank Group by 7.4% in the 1st quarter. Swiss National Bank now owns 31,900 shares of the financial services provider’s stock worth $841,000 after buying an additional 2,200 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Capital City Bank Group by 56.4% in the first quarter. MetLife Investment Management LLC now owns 9,022 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 3,253 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Capital City Bank Group by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 828,120 shares of the financial services provider’s stock valued at $21,829,000 after purchasing an additional 3,768 shares during the period. Vanguard Group Inc. increased its position in Capital City Bank Group by 2.8% during the first quarter. Vanguard Group Inc. now owns 615,094 shares of the financial services provider’s stock worth $16,215,000 after purchasing an additional 16,715 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Capital City Bank Group by 9.8% during the first quarter. First Trust Advisors LP now owns 8,598 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 765 shares during the last quarter. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Company Profile

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.