Key Points
- Director William Butler bought 392 CCBG shares at an average price of $51.07, investing $20,019.44 and increasing his direct ownership by 5.81% to 7,137 shares.
- Capital City Bank Group reported quarterly EPS of $0.99, beating analyst expectations of $0.94, while revenue of $64.39 million fell short of the $65.50 million consensus estimate.
- The stock was trading near $50.90, with analysts maintaining a consensus “Hold” rating and a $51.75 target price; the company also pays a quarterly dividend of $0.27 per share, yielding about 2.1% annually.
Capital City Bank Group (NASDAQ:CCBG - Get Free Report) Director William Butler bought 392 shares of the stock in a transaction dated Monday, October 26th. The stock was bought at an average price of $51.07 per share, for a total transaction of $20,019.44. Following the purchase, the director directly owned 7,137 shares of the company's stock, valued at approximately $364,486.59. The trade was a 5.81% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Capital City Bank Group Stock Up 0.7%
Shares of CCBG stock opened at $50.90 on Tuesday. The stock has a 50 day moving average of $50.08 and a 200 day moving average of $47.00. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.06. The stock has a market cap of $870.90 million, a P/E ratio of 13.81 and a beta of 0.36. Capital City Bank Group has a twelve month low of $38.55 and a twelve month high of $53.60.
Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.05. Capital City Bank Group had a return on equity of 11.18% and a net margin of 21.85%. The company had revenue of $64.39 million during the quarter, compared to the consensus estimate of $65.50 million. As a group, sell-side analysts expect that Capital City Bank Group will post 3.69 EPS for the current year.
Capital City Bank Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 8th. Capital City Bank Group's payout ratio is 29.51%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on CCBG shares. Wall Street Zen raised shares of Capital City Bank Group from a "sell" rating to a "hold" rating in a report on Saturday. Weiss Ratings upgraded shares of Capital City Bank Group from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, October 8th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Capital City Bank Group from $52.00 to $54.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $51.75.
Read Our Latest Stock Report on CCBG
Institutional Trading of Capital City Bank Group
Large investors have recently made changes to their positions in the company. Capital City Trust Co. FL lifted its holdings in Capital City Bank Group by 64.2% in the 3rd quarter. Capital City Trust Co. FL now owns 23,705 shares of the financial services provider's stock valued at $1,146,000 after purchasing an additional 9,268 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Capital City Bank Group by 42.1% during the third quarter. Nisa Investment Advisors LLC now owns 760 shares of the financial services provider's stock worth $37,000 after buying an additional 225 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. grew its holdings in shares of Capital City Bank Group by 1.9% during the third quarter. Murphy Middleton Hinkle & Parker Inc. now owns 148,688 shares of the financial services provider's stock worth $7,186,000 after buying an additional 2,743 shares in the last quarter. Cim Investment Management Inc. purchased a new stake in shares of Capital City Bank Group during the second quarter worth $236,000. Finally, Susquehanna Fundamental Investments LLC raised its position in shares of Capital City Bank Group by 10.8% in the second quarter. Susquehanna Fundamental Investments LLC now owns 14,404 shares of the financial services provider's stock valued at $712,000 after buying an additional 1,400 shares during the last quarter. 44.59% of the stock is currently owned by hedge funds and other institutional investors.
Capital City Bank Group Company Profile
(
Get Free Report)
Capital City Bank Group, Inc is a financial holding company headquartered in Tallahassee, Florida. Through its principal subsidiary, Capital City Bank, the company provides banking and financial services to individuals, businesses, and public-sector organizations.
Its offerings include consumer and commercial deposit accounts, business and personal lending, mortgage services, cash-management solutions, online and mobile banking, and wealth-management services. The company also provides trust and investment services through its banking operations.
Founded in 1895, Capital City Bank Group has developed a community-banking network serving markets in North Florida and Georgia, including the Tallahassee area.
Further Reading
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