Capital City Bank Group Stock (NASDAQ: CCBG)

Capital City Bank Group

Capital City Bank Group Inc is a United States-based group engaged in Banking services, Trust and asset management services, and Brokerage services. The company offers retail and commercial banking business in the form of traditional deposit and credit services, asset management, trust, mortgage banking, merchant services, bank cards, data processing, and securities brokerage services among others through its banking offices in Florida, Georgia, and Alabama.

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CCBG

Capital City Bank (NASDAQ: CCBG) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.

Capital City Bank Q1 Earnings Beat Estimates

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Capital City Bank Group Inc

Dividends

Capital City Bank Group, Inc. Increases Dividend From $0.23 To $0.24/Share

Keefe, Bruyette &amp; Woods analyst Wood Lay maintains Capital City Bank Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCBG#NASDAQ">CCBG</a>) with a Outperform and raises the price target from $43 to $44.

Price Target

Analyst Ratings

Keefe, Bruyette & Woods Maintains Outperform on Capital City Bank Group, Raises Price Target to $44

Capital City Bank Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCBG#NASDAQ">CCBG</a>) announced its Q4 earnings on Tuesday, January 28, 2025 at 07:00 AM.
Here's a breakdown of the earnings report.
<h3>Earnings</h3>
Capital City Bank Group beat estimated earnings by 7.000000000000001%, reporting an EPS of $0.77 versus an estimate of $0.72.
Revenue was up $3.54 million from the same period last year.
<h3>Overview of Past Earnings</h3>
The company beat on EPS by $0.01 in the previous quarter, leading to a 1.0% increase share price change the next day.
Here's a look at Capital City Bank Group's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.77</td>
<td>0.72</td>
<td>0.69</td>
<td>0.73</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.78</td>
<td>0.83</td>
<td>0.74</td>
<td>0.70</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>59.35M</td>
<td>57.23M</td>
<td>56.87M</td>
<td>56.58M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>59.72M</td>
<td>58.88M</td>
<td>56.45M</td>
<td>56.33M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Capital City Bank Group <a href="https://www.benzinga.com/quote/CCBG/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Insights into Capital City Bank Group Q4 Earnings

Keefe, Bruyette &amp; Woods analyst Wood Lay maintains Capital City Bank Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCBG#NASDAQ">CCBG</a>) with a Outperform and raises the price target from $39 to $43.

Keefe, Bruyette & Woods Maintains Outperform on Capital City Bank Group, Raises Price Target to $43

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Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

Capital City Bank Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCBG#NASDAQ">CCBG</a>) reported quarterly earnings of $0.78 per share which met the analyst consensus estimate. The company reported quarterly sales of $59.72 million which beat the analyst consensus estimate of $59.35 million by 0.63 percent. This is a 0.67 percent increase over sales of $59.33 million the same period last year.

Capital City Bank Group Q3 2024 GAAP EPS $0.78, Inline, Sales $59.72M Beat $59.35M Estimate

The Board of Directors of Capital City Bank Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCBG#NASDAQ">CCBG</a>) declared a quarterly cash dividend on its common stock of $0.23 per share. It represents a 9.5% increase over the prior quarter dividend of $0.21 per share. The dividend produces an annualized rate of $0.92 per common share and is payable on September 23, 2024 to shareowners of record as of September 9, 2024. The annualized dividend yield is 2.67% based on a closing stock price of $34. 40 on August 28, 2024.

Capital City Bank Group Increases Quarterly Dividend From $0.21 To $0.23 Per Share

Piper Sandler analyst Stephen Scouten downgrades Capital City Bank Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCBG#NASDAQ">CCBG</a>) from Overweight to Neutral and raises the price target from $30 to $34.

Downgrades

Piper Sandler Downgrades Capital City Bank Group to Neutral, Raises Price Target to $34

Keefe, Bruyette &amp; Woods analyst Wood Lay maintains Capital City Bank Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCBG#NASDAQ">CCBG</a>) with a Outperform and raises the price target from $37 to $38.

Keefe, Bruyette & Woods Maintains Outperform on Capital City Bank Group, Raises Price Target to $38

Capital City Bank Group Received Nasdaq Deficiency Notification

Piper Sandler analyst Stephen Scouten maintains Capital City Bank Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCBG#NASDAQ">CCBG</a>) with a Overweight and lowers the price target from $34 to $30.

Piper Sandler Maintains Overweight on Capital City Bank Group, Lowers Price Target to $30

Keefe, Bruyette &amp; Woods analyst Wood Lay maintains Capital City Bank Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCBG#NASDAQ">CCBG</a>) with a Outperform and lowers the price target from $38 to $37.

Keefe, Bruyette & Woods Maintains Outperform on Capital City Bank Group, Lowers Price Target to $37

Capital City Bank (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ccbg#NASDAQ">CCBG</a>) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 5.71%. A quarter ago, it was expected that this bank holding company would post earnings of $0.74 per share when it actually produced earnings of $0.70, delivering a surprise of -5.41%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Capital City Bank, which belongs to the Zacks Banks - Southeast industry, posted revenues of $56.45 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 0.87%. This compares to year-ago revenues of $62.64 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Capital City Bank shares have lost about 8% since the beginning of the year versus the S&amp;P 500&#39;s gain of 4.1%.
What&#39;s Next for Capital City Bank?
While Capital City Bank has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Capital City Bank: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.72 on $57.75 million in revenues for the coming quarter and $2.87 on $231.6 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, First BanCorp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fbp#NYSE">FBP</a>), has yet to report results for the quarter ended March 2024. The results are expected to be released on April 23.
This holding company for FirstBank Puerto Rico is expected to post quarterly earnings of $0.38 per share in its upcoming report, which represents a year-over-year change of -2.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
First Bancorp&#39;s revenues are expected to be $229.19 million, down 1.8% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2258971/capital-city-bank-ccbg-q1-earnings-beat-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2258971">To read this article on Zacks.com click here.</a>

Capital City Bank Group Increases Quarterly Dividend From $0.20 To $0.21

<h3>Understanding Value Stocks</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the financial services sector:</h2>
<ol>
<li>Esquire Financial Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESQ#NASDAQ">ESQ</a>) - P/E: 9.67</li>
<li>First Merchants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRME#NASDAQ">FRME</a>) - P/E: 9.02</li>
<li>Timberland Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSBK#NASDAQ">TSBK</a>) - P/E: 8.48</li>
<li>Capital City Bank Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCBG#NASDAQ">CCBG</a>) - P/E: 8.22</li>
<li>MainStreet Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSB#NASDAQ">MNSB</a>) - P/E: 5.57</li>
</ol>
This quarter, Esquire Financial Hldgs experienced an increase in earnings per share, which was $1.17 in Q3 and is now $1.18. Most recently, the company reported a dividend yield of 1.12%, which has increased by 0.15% from last quarter's yield of 0.97%.
This quarter, First Merchants experienced a decrease in earnings per share, which was $0.94 in Q3 and is now $0.87. The company's most recent dividend yield sits at 4.06%, which has decreased by 0.63% from 4.69% last quarter. 
Timberland Bancorp's earnings per share for Q1 sits at $0.77, whereas in Q4, they were at 0.81. Most recently, the company reported a dividend yield of 3.26%, which has decreased by 0.06% from last quarter's yield of 3.32%.
Capital City Bank Group saw a decrease in earnings per share from 0.78 in Q3 to $0.7 now. Most recently, the company reported a dividend yield of 2.76%, which has increased by 0.1% from last quarter's yield of 2.66%.
MainStreet Bancshares saw a decrease in earnings per share from 0.77 in Q3 to $0.61 now. Its most recent dividend yield is at 2.13%, which has increased by 0.43% from 1.7% in the previous quarter.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

MNSB

TSBK

Overview Of Value Stocks In The Financial Services Sector

Capital City Bank shares are trading higher after Janney Montgomery Scott upgraded the stock from Neutral to Buy.

Janney Montgomery Scott analyst Feddie Strickland upgrades Capital City Bank Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCBG#NASDAQ">CCBG</a>) from Neutral to Buy.

Upgrades

Janney Montgomery Scott Upgrades Capital City Bank Group to Buy

Capital City Bank Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCBG#NASDAQ">CCBG</a>) reported its Q4 earnings results on Tuesday, January 23, 2024 at 07:00 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Capital City Bank Group missed estimated earnings by 4.11%, reporting an EPS of $0.7 versus an estimate of $0.73.
Revenue was down $2.75 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.06 which was followed by a 2.11% drop in the share price the next day.
Here's a look at Capital City Bank Group's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.84</td>
<td>0.85</td>
<td>0.75</td>
<td>0.74</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.78</td>
<td>0.85</td>
<td>0.88</td>
<td>0.68</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>62.81M</td>
<td>63.88M</td>
<td>59.98M</td>
<td>58.29M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>59.33M</td>
<td>62.88M</td>
<td>62.64M</td>
<td>59.08M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Capital City Bank Group <a href="https://www.benzinga.com/quote/CCBG/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Capital City Bank Group Q4 Earnings

Capital City Bank Group Q4 EPS $0.70 Misses $0.72 Estimate, Sales $56.33M Miss $56.98M Estimate

DA Davidson has decided to maintain its Neutral rating of Capital City Bank Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCBG#NASDAQ">CCBG</a>) and lower its price target from $34.00 to $32.50.
Shares of Capital City Bank Group are trading up 0.07% over the last 24 hours, at $29.45 per share.
A move to $32.50 would account for a 10.36% increase from the current share price.
<h3>About Capital City Bank Group</h3>
Capital City Bank Group Inc is a United States-based group engaged in Banking services, Trust and asset management services, and Brokerage services. The company offers retail and commercial banking business in the form of traditional deposit and credit services, asset management, trust, mortgage banking, merchant services, bank cards, data processing, and securities brokerage services among others through its banking offices in Florida, Georgia, and Alabama.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DA Davidson Maintains Neutral Rating for Capital City Bank Group: Here's What You Need To Know

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