Capital City Bank Group (NASDAQ:CCBG) Posts Earnings Results, Beats Estimates By $0.24 EPS

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) announced its earnings results on Monday. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.75 by $0.24, RTT News reports. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. The business had revenue of $61.45 million during the quarter, compared to the consensus estimate of $59.75 million. During the same period in the prior year, the business posted $0.74 earnings per share.

Capital City Bank Group Trading Down 1.6 %

Shares of CCBG traded down $0.60 during trading hours on Friday, reaching $36.27. The stock had a trading volume of 18,184 shares, compared to its average volume of 29,845. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average of $35.51 and a 200 day moving average of $36.43. Capital City Bank Group has a 52 week low of $25.45 and a 52 week high of $40.86. The company has a market cap of $618.55 million, a P/E ratio of 11.63 and a beta of 0.37.

Capital City Bank Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.24 per share. This is a positive change from Capital City Bank Group's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.96 annualized dividend and a yield of 2.65%. Capital City Bank Group's dividend payout ratio (DPR) is presently 30.77%.

Analysts Set New Price Targets

CCBG has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price target on Capital City Bank Group from $43.00 to $44.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. StockNews.com lowered shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a research report on Friday, March 7th.

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.