Capital City Bank Group, Inc. (CCBG) to Issue Quarterly Dividend of $0.24 on March 24th

Capital City Bank Group, Inc. (NASDAQ:CCBG) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.24 per share by the financial services provider on Monday, March 24th. This represents a $0.96 annualized dividend and a yield of 2.59%. The ex-dividend date is Monday, March 10th. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.23.

Capital City Bank Group has raised its dividend by an average of 12.4% annually over the last three years. Capital City Bank Group has a payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Capital City Bank Group to earn $3.24 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 28.4%.

Capital City Bank Group Stock Up 2.3 %

Capital City Bank Group stock opened at $37.10 on Friday. The firm has a market cap of $628.62 million, a PE ratio of 11.89 and a beta of 0.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The firm’s 50 day moving average price is $36.44 and its two-hundred day moving average price is $36.06. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.70 by $0.07. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. On average, research analysts predict that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CCBG has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their target price on shares of Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. StockNews.com raised shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a report on Saturday, February 1st.

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.