Q1 2023 EPS Estimates for Capital City Bank Group, Inc. Decreased by Analyst (NASDAQ:CCBG)

Capital City Bank Group, Inc. (NASDAQ:CCBG – Get Rating) – Equities researchers at DA Davidson dropped their Q1 2023 earnings estimates for Capital City Bank Group in a note issued to investors on Wednesday, April 5th. DA Davidson analyst K. Fitzsimmons now anticipates that the financial services provider will earn $0.79 per share for the quarter, down from their previous estimate of $0.82. The consensus estimate for Capital City Bank Group’s current full-year earnings is $3.59 per share. DA Davidson also issued estimates for Capital City Bank Group’s FY2024 earnings at $3.33 EPS.

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Separately, StockNews.com started coverage on shares of Capital City Bank Group in a research note on Thursday, March 16th. They issued a “hold” rating on the stock.

Capital City Bank Group Trading Up 0.0 %

Shares of CCBG opened at $29.33 on Thursday. Capital City Bank Group has a twelve month low of $24.43 and a twelve month high of $36.86. The company has a market cap of $499.11 million, a P/E ratio of 12.43 and a beta of 0.60. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.14. The company’s fifty day simple moving average is $32.44 and its 200-day simple moving average is $33.09.

Capital City Bank Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 20th. Investors of record on Monday, March 6th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.45%. The ex-dividend date was Friday, March 3rd. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.17. Capital City Bank Group’s dividend payout ratio (DPR) is currently 30.51%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CCBG. JPMorgan Chase & Co. increased its stake in Capital City Bank Group by 416.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 109,027 shares of the financial services provider’s stock worth $3,041,000 after buying an additional 87,929 shares during the period. Maltese Capital Management LLC purchased a new position in Capital City Bank Group in the 4th quarter worth about $1,300,000. Morgan Stanley increased its stake in Capital City Bank Group by 76.4% in the 4th quarter. Morgan Stanley now owns 64,577 shares of the financial services provider’s stock worth $2,099,000 after buying an additional 27,964 shares during the period. Panagora Asset Management Inc. purchased a new position in Capital City Bank Group in the 4th quarter worth about $880,000. Finally, Martingale Asset Management L P purchased a new position in Capital City Bank Group in the 4th quarter worth about $560,000. Hedge funds and other institutional investors own 44.90% of the company’s stock.

About Capital City Bank Group

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Capital City Bank Group, Inc operates as a bank holding company. Its principal services are Banking Services, Trust and Asset Management Services, and Brokerage Services. The firm provides traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bank cards, data processing and securities brokerage services.

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