Capital City Bank Group (NASDAQ:CCBG) Sets New 1-Year High Following Dividend Announcement

Capital City Bank Group, Inc. (NASDAQ:CCBG)’s share price reached a new 52-week high on Monday following a dividend announcement from the company. The stock traded as high as $40.86 and last traded at $40.39, with a volume of 1827 shares traded. The stock had previously closed at $39.12.

The newly announced dividend which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, December 9th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.35%. Capital City Bank Group’s payout ratio is presently 30.16%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Capital City Bank Group presently has an average rating of “Moderate Buy” and an average target price of $35.80.

Capital City Bank Group Stock Performance

The stock has a market cap of $664.71 million, a price-to-earnings ratio of 12.86 and a beta of 0.53. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The firm has a fifty day simple moving average of $35.98 and a 200-day simple moving average of $32.40.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. The business had revenue of $68.84 million for the quarter, compared to analyst estimates of $54.40 million. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. Analysts forecast that Capital City Bank Group, Inc. will post 3.05 EPS for the current fiscal year.

Insider Activity

In other news, Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total value of $101,430.00. Following the transaction, the treasurer now owns 140,681 shares of the company’s stock, valued at $4,756,424.61. This represents a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 19.40% of the company’s stock.

Institutional Investors Weigh In On Capital City Bank Group

A number of institutional investors have recently made changes to their positions in CCBG. Wellington Management Group LLP bought a new position in Capital City Bank Group during the third quarter worth about $5,673,000. American Century Companies Inc. boosted its stake in Capital City Bank Group by 40.9% during the 2nd quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider’s stock worth $3,201,000 after acquiring an additional 32,671 shares during the last quarter. Barclays PLC grew its holdings in Capital City Bank Group by 46.8% during the third quarter. Barclays PLC now owns 53,402 shares of the financial services provider’s stock valued at $1,883,000 after purchasing an additional 17,022 shares during the period. Acadian Asset Management LLC increased its stake in Capital City Bank Group by 7.2% in the second quarter. Acadian Asset Management LLC now owns 175,117 shares of the financial services provider’s stock valued at $4,978,000 after purchasing an additional 11,742 shares in the last quarter. Finally, Inspire Investing LLC acquired a new stake in Capital City Bank Group in the third quarter worth $414,000. 44.59% of the stock is owned by institutional investors and hedge funds.

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.