Capital City Bank Group, Inc. to Issue Quarterly Dividend of $0.11 (NASDAQ:CCBG)

Capital City Bank Group, Inc. (NASDAQ:CCBG) declared a quarterly dividend on Friday, May 31st, Wall Street Journal reports. Shareholders of record on Monday, June 10th will be given a dividend of 0.11 per share by the financial services provider on Monday, June 24th. This represents a $0.44 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Friday, June 7th.

Capital City Bank Group has raised its dividend payment by an average of 35.0% per year over the last three years. Capital City Bank Group has a dividend payout ratio of 38.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Capital City Bank Group to earn $1.79 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 24.6%.

NASDAQ:CCBG traded up $0.05 during mid-day trading on Friday, hitting $24.85. The company had a trading volume of 247,500 shares, compared to its average volume of 21,329. The stock has a market capitalization of $412.24 million, a price-to-earnings ratio of 19.12 and a beta of 0.72. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average price of $23.86. Capital City Bank Group has a fifty-two week low of $19.92 and a fifty-two week high of $26.95.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. The firm had revenue of $37.46 million for the quarter, compared to analysts’ expectations of $37.50 million. Capital City Bank Group had a return on equity of 8.30% and a net margin of 17.29%. As a group, research analysts anticipate that Capital City Bank Group will post 1.68 earnings per share for the current year.

Several brokerages have commented on CCBG. BidaskClub lowered shares of Capital City Bank Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 11th. Zacks Investment Research lowered shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a report on Monday, June 10th. Finally, ValuEngine lowered shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $26.75.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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.

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Dividend History for Capital City Bank Group (NASDAQ:CCBG)

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