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Capital City Bank Group

Nasdaq:CCBG
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CCBG
Nasdaq
$438M
Market Cap
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Last updated 2019/02/21 23:35
Company description

Capital City Bank Group, Inc. operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. The last earnings update was 23 days ago. More info.

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CCBG Share Price and Events
7 Day Returns
2.8%
NasdaqGS:CCBG
3.3%
US Banks
1.4%
US Market
1 Year Returns
5%
NasdaqGS:CCBG
-9.2%
US Banks
2.3%
US Market
CCBG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Capital City Bank Group (CCBG) 2.8% 3.2% 1.2% 5% 73% 82.7%
US Banks 3.3% 3.5% 2.2% -9.2% 61.6% 49.7%
US Market 1.4% 5.6% 5.7% 2.3% 44.2% 40.9%
1 Year Return vs Industry and Market
  • CCBG outperformed the Banks industry which returned -9.2% over the past year.
  • CCBG outperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
CCBG
Industry
5yr Volatility vs Market

Value

 Is Capital City Bank Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Capital City Bank Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Capital City Bank Group.

NasdaqGS:CCBG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= $19.89 * 9.2% 		$1.84
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. $19.89
Discount Rate (Cost of Equity) See below 11.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:CCBG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.641 (1 + (1- 21%) (17.13%)) 		1.226
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.226 * 7.27%) 		11.64%

Discounted Cash Flow Calculation for NasdaqGS:CCBG using Excess Returns Model Model

The calculations below outline how an intrinsic value for Capital City Bank Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:CCBG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.2% – 11.64%) * $19.89) 		$-0.48
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.48 / (11.64% - 2.73%) 		$-5.37
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $19.89 + $-5.37 		$14.52
NasdaqGS:CCBG Discount to Share Price
Calculation Result
Value per share (USD) From above. $14.52
Current discount Discount to share price of $25.40
= -1 x ($25.40 - $14.52) / $14.52 		-75%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Capital City Bank Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Capital City Bank Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Capital City Bank Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CCBG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.54
NasdaqGS:CCBG Share Price ** NasdaqGS (2019-02-21) in USD $25.4
United States of America Banks Industry PE Ratio Median Figure of 584 Publicly-Listed Banks Companies 13.52x
United States of America Market PE Ratio Median Figure of 3,045 Publicly-Listed Companies 17.39x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Capital City Bank Group.

NasdaqGS:CCBG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CCBG Share Price ÷ EPS (both in USD)

= 25.4 ÷ 1.54

 16.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Capital City Bank Group is overvalued based on earnings compared to the US Banks industry average.
  • Capital City Bank Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Capital City Bank Group's expected growth come at a high price?
Raw Data
NasdaqGS:CCBG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts		 7.5%per year
United States of America Banks Industry PEG Ratio Median Figure of 261 Publicly-Listed Banks Companies 1.25x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

NasdaqGS:CCBG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.49x ÷ 7.5%

 2.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Capital City Bank Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Capital City Bank Group's assets?
Raw Data
NasdaqGS:CCBG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $18.07
NasdaqGS:CCBG Share Price * NasdaqGS (2019-02-21) in USD $25.4
United States of America Banks Industry PB Ratio Median Figure of 587 Publicly-Listed Banks Companies 1.26x
United States of America Market PB Ratio Median Figure of 5,129 Publicly-Listed Companies 1.87x
NasdaqGS:CCBG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CCBG Share Price ÷ Book Value per Share (both in USD)

= 25.4 ÷ 18.07

 1.41x

* Primary Listing of Capital City Bank Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Capital City Bank Group is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Capital City Bank Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
    5. Capital City Bank Group has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Capital City Bank Group expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Capital City Bank Group expected to grow at an attractive rate?
  • Capital City Bank Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Capital City Bank Group's earnings growth is positive but not above the United States of America market average.
  • Capital City Bank Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CCBG Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CCBG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 7.5%
NasdaqGS:CCBG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 2.6%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 4.4%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CCBG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CCBG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 150 30 4
2019-12-31 155 28 4
NasdaqGS:CCBG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 141 26
2018-09-30 138 24 18
2018-06-30 135 8 16
2018-03-31 134 17 14
2017-12-31 133 39 11
2017-09-30 131 35 14
2017-06-30 130 39 12
2017-03-31 129 37 13
2016-12-31 128 23 12
2016-09-30 128 30 11
2016-06-30 128 30 10
2016-03-31 129 36 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Capital City Bank Group's earnings are expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).
  • Capital City Bank Group's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:CCBG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Capital City Bank Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CCBG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.79 1.98 1.51 5.00
2019-12-31 1.66 1.73 1.55 5.00
NasdaqGS:CCBG Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.54
2018-09-30 1.04
2018-06-30 0.96
2018-03-31 0.82
2017-12-31 0.64
2017-09-30 0.84
2017-06-30 0.74
2017-03-31 0.76
2016-12-31 0.69
2016-09-30 0.65
2016-06-30 0.57
2016-03-31 0.57

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Capital City Bank Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Capital City Bank Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Capital City Bank Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Capital City Bank Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Capital City Bank Group's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Capital City Bank Group's year on year earnings growth rate has been positive over the past 5 years.
  • Capital City Bank Group's 1-year earnings growth exceeds its 5-year average (141.4% vs 19.8%)
  • Capital City Bank Group's earnings growth has exceeded the US Banks industry average in the past year (141.4% vs 40.2%).
Earnings and Revenue History
Capital City Bank Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Capital City Bank Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CCBG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 141.15 26.22 82.42
2018-09-30 137.80 17.77 84.94
2018-06-30 135.32 16.33 84.47
2018-03-31 133.86 13.89 84.49
2017-12-31 132.51 10.86 84.45
2017-09-30 131.18 14.16 83.55
2017-06-30 129.98 12.47 84.21
2017-03-31 129.05 12.84 84.65
2016-12-31 128.34 11.75 84.98
2016-09-30 128.34 11.05 84.25
2016-06-30 127.95 9.86 84.52
2016-03-31 129.22 9.78 84.32
2015-12-31 128.85 9.12 84.54
2015-09-30 127.80 8.44 84.25
2015-06-30 127.72 8.87 83.24
2015-03-31 125.62 6.50 82.36
2014-12-31 125.27 9.26 81.49
2014-09-30 126.25 10.11 82.25
2014-06-30 127.09 9.59 82.88
2014-03-31 127.68 8.96 84.10
2013-12-31 129.38 6.05 85.18
2013-09-30 128.86 5.15 84.43
2013-06-30 127.93 4.68 83.89
2013-03-31 125.28 2.11 83.89
2012-12-31 122.72 0.11 84.11
2012-09-30 120.09 -2.30 83.93
2012-06-30 121.93 -1.45 84.31
2012-03-31 127.04 2.43 84.24

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Capital City Bank Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Capital City Bank Group used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Capital City Bank Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Capital City Bank Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Capital City Bank Group has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Capital City Bank Group's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Capital City Bank Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Capital City Bank Group Company Filings, last reported 1 month ago.

NasdaqGS:CCBG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 302.59 75.00 276.00
2018-09-30 298.02 81.99 75.26
2018-06-30 293.57 72.81 163.64
2018-03-31 288.36 71.11 298.63
2017-12-31 284.21 74.33 266.64
2017-09-30 285.20 74.71 191.11
2017-06-30 281.51 74.62 235.18
2017-03-31 278.06 76.95 338.55
2016-12-31 275.17 80.52 280.75
2016-09-30 276.62 86.37 224.18
2016-06-30 274.82 88.90 272.49
2016-03-31 276.83 152.87 350.82
2015-12-31 274.35 152.21 368.61
2015-09-30 273.66 157.28 210.70
2015-06-30 272.04 146.32 247.06
2015-03-31 274.09 142.79 348.84
2014-12-31 272.54 143.41 371.86
2014-09-30 283.25 137.78 304.02
2014-06-30 281.58 132.90 418.19
2014-03-31 279.88 145.59 528.09
2013-12-31 276.40 152.25 512.33
2013-09-30 251.17 155.05 410.01
2013-06-30 249.29 150.22 459.27
2013-03-31 248.61 154.79 514.39
2012-12-31 246.89 157.18 485.43
2012-09-30 250.36 143.40 367.39
2012-06-30 249.02 171.18 492.29
2012-03-31 250.80 147.90 469.25
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Capital City Bank Group has an acceptable proportion of non-loan assets held.
  • Capital City Bank Group's liabilities are made up of primarily low risk sources of funding.
  • Loans at Capital City Bank Group are broadly funded by customer deposits.
  • Capital City Bank Group's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Capital City Bank Group has a sufficient allowance for bad loans.
  • Capital City Bank Group has an acceptable level of bad loans (less than 2%).
Show me more healthy companies in the Banks industry
X
Financial health checks
We assess Capital City Bank Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Capital City Bank Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Capital City Bank Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.42%
Current annual income from Capital City Bank Group dividends. Estimated to be 1.75% next year.
If you bought $2,000 of Capital City Bank Group shares you are expected to receive $28 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Capital City Bank Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Capital City Bank Group's dividend is below the markets top 25% of dividend payers in United States of America (3.54%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CCBG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 467 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2001 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CCBG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.48 5.00
2019-12-31 0.41 5.00
NasdaqGS:CCBG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-20 0.360 1.478
2018-08-23 0.360 1.503
2018-05-31 0.280 1.148
2018-05-04 0.280 1.205
2018-04-23 0.280 1.192
2017-11-21 0.280 1.146
2017-08-24 0.280 1.223
2017-05-26 0.200 0.975
2017-02-22 0.200 0.988
2016-11-22 0.200 0.981
2016-08-25 0.160 1.055
2016-05-27 0.160 1.111
2016-02-25 0.160 1.086
2015-11-24 0.160 1.080
2015-08-28 0.120 0.784
2015-05-22 0.120 0.801
2015-02-25 0.120 0.778
2014-11-25 0.120 0.792
2014-08-28 0.080 0.560
2014-05-22 0.080 0.586
2014-02-27 0.080 0.584
2013-10-29 0.000 0.000
2013-08-09 0.000 0.000
2013-07-23 0.000 0.000
2013-05-09 0.000 0.000
2013-04-22 0.000 0.000
2013-03-06 0.000 0.000
2013-01-29 0.000 0.000
2012-11-09 0.000 0.000
2012-10-23 0.000 0.000
2012-08-09 0.000 0.000
2012-07-24 0.000 0.000
2012-05-09 0.000 0.000
2012-05-01 0.000 0.000
2011-12-14 0.000 0.000
2011-08-25 0.400 3.884
2011-05-26 0.400 3.891
2011-02-24 0.400 3.404
2010-11-22 0.400 3.089
2010-08-26 0.400 3.321
2010-05-27 0.400 3.124
2010-02-23 0.760 5.091
2009-11-23 0.760 6.032
2009-08-27 0.760 5.784
2009-05-28 0.760 4.745
2009-02-26 0.760 5.948
2009-02-23 0.760 6.400

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Capital City Bank Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.9x coverage).
X
Income/ dividend checks
We assess Capital City Bank Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Capital City Bank Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Capital City Bank Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Capital City Bank Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bill Smith
COMPENSATION $1,659,466
AGE 65
TENURE AS CEO 24.1 years
CEO Bio

Mr. William Godfrey Smith, Jr., also known as Bill, has been the Chief Executive Officer and President of Capital City Bank Group, Inc. since 1995. Mr. Smith began his career at Capital City Bank Inc. in 1978, where he worked in a number of capacities. He was Chief Executive Officer and President of Capital City First National Bank of Tallahasee. He was Chairman and Director of Farmers & Merchants Bank of Trenton. He has been the Chairman of The Board of Capital City Bank Group, Inc since 2003. He has been the Chairman of The Board of Capital City Bank Inc. since 1995 and also serves as its Chief Executive Officer. He has been a Director of Capital City Bank Group, Inc., since 1982 and Federal Reserve Bank of Atlanta since 2001. He is the a Co-Owner at SsxLlc. He served as Presiding Director of The Southern Company from May 23, 2012 to May 27, 2014 and has been its Independent Director since February 22, 2006. He has been a Director of First National Bankers Bankshares, Inc. and First National Bankers Bank since January 01, 2017. Mr. Smith serves as a Director of Darlington School in Rome, Ga., and the Florida State University Foundation. He is a Co-Owner of Ssx,Llc. He was the Federal Advisory Council Representative for the Sixth District of the Federal Reserve System and chair of both Tallahassee Memorial HealthCare and the Tallahassee Area Chamber of Commerce. He holds Bachelor of Science Degree from Florida State University.

CEO Compensation
  • Bill's compensation has been consistent with company performance over the past year.
  • Bill's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Capital City Bank Group management team in years:

24.1
Average Tenure
64.5
Average Age
  • The average tenure for the Capital City Bank Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kim Davis

TITLE
Executive VP
COMPENSATION
$1M
AGE
64
TENURE
32.1 yrs

Tom Barron

TITLE
Treasurer & Director
COMPENSATION
$1M
AGE
65

Bill Smith

TITLE
Chairman
COMPENSATION
$2M
AGE
65
TENURE
24.1 yrs

Beth Corum

TITLE
Chief People Officer & Executive VP

Don James

TITLE
President of Northwest Alachua County
AGE
58
TENURE
13.8 yrs

Jep Larkin

TITLE
Senior VP & Controller
Board of Directors Tenure

Average tenure and age of the Capital City Bank Group board of directors in years:

8.3
Average Tenure
63.5
Average Age
  • The tenure for the Capital City Bank Group board of directors is about average.
Board of Directors

Bill Smith

TITLE
Chairman
COMPENSATION
$2M
AGE
65
TENURE
16.1 yrs

Cader Cox

TITLE
Independent Director
COMPENSATION
$50K
AGE
68
TENURE
25.1 yrs

Tom Barron

TITLE
Treasurer & Director
COMPENSATION
$1M
AGE
65
TENURE
37.1 yrs

John Sample

TITLE
Independent Director
COMPENSATION
$55K
AGE
61
TENURE
3.1 yrs

Stan Connally

TITLE
Independent Director
COMPENSATION
$37K
AGE
49
TENURE
2.1 yrs

J. Drew

TITLE
Lead Director
COMPENSATION
$59K
AGE
62
TENURE
10.8 yrs

Rick Carroll

TITLE
Independent Director
COMPENSATION
$51K
AGE
67
TENURE
15.6 yrs

Allan Bense

TITLE
Independent Director
COMPENSATION
$51K
AGE
66
TENURE
5.8 yrs

William Grant

TITLE
Independent Director
COMPENSATION
$44K
AGE
42
TENURE
2.1 yrs

Laura Johnson

TITLE
Independent Director
COMPENSATION
$45K
AGE
55
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Capital City Bank Group insiders in the past 3 months.
Show me more companies with insider buying in the Banks industry
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
08. Feb 19 Buy Marshall Criser Individual 07. Feb 19 07. Feb 19 2,500 $24.30 $60,750
12. Dec 18 Sell Estate of Robert H. Smith Company 10. Dec 18 10. Dec 18 -324,441 $24.75 $-8,029,915
16. Nov 18 Sell Thomas Barron Individual 15. Nov 18 16. Nov 18 -4,312 $25.15 $-108,106
13. Sep 18 Sell Thomas Barron Individual 11. Sep 18 12. Sep 18 -5,000 $24.07 $-119,936
23. May 18 Sell Thomas Barron Individual 22. May 18 22. May 18 -5,000 $23.27 $-116,370
15. May 18 Buy Laura Johnson Individual 03. May 18 03. May 18 500 $22.97 $11,485
X
Management checks
We assess Capital City Bank Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Capital City Bank Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Capital City Bank Group, Inc. (NASDAQ:CCBG) Over-Exposed To Risk?

As a small-cap bank with a market capitalisation of US$433m, Capital City Bank Group, Inc.’s (NASDAQ:CCBG) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Capital City Bank Group’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of Capital City Bank Group's a stock investment.

Simply Wall St - –

Have Insiders Been Selling Capital City Bank Group, Inc. (NASDAQ:CCBG) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in Capital City Bank Group, Inc. … Capital City Bank Group Insider Transactions Over The Last Year. … That means that an insider was selling shares at below the current price (US$24.30).

Simply Wall St - –

Should You Be Tempted To Sell Capital City Bank Group, Inc. (NASDAQ:CCBG) Because Of Its P/E Ratio?

To keep it practical, we'll show how Capital City Bank Group, Inc.'s (NASDAQ:CCBG) P/E ratio could help you assess the value on offer. … Capital City Bank Group has a price to earnings ratio of 22.67, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St - –

How Much Did Capital City Bank Group, Inc.'s (NASDAQ:CCBG) CEO Pocket Last Year?

Bill Smith became the CEO of Capital City Bank Group, Inc. … See our latest analysis for Capital City Bank Group? … has a market capitalization of US$419m, and pays its CEO total annual compensation worth US$1.7m.

Simply Wall St - –

What Makes Capital City Bank Group Inc (NASDAQ:CCBG) A Hard Investment?

As a small-cap finance stock with a market capitalisation of US$419m, the risk and profitability of Capital City Bank Group Inc (NASDAQ:CCBG) are largely tied to the underlying economic growth of the region it operates in US. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like Capital City Bank Group to vulnerabilities. … See our latest analysis for Capital City Bank Group

Simply Wall St - –

Is Capital City Bank Group Inc (NASDAQ:CCBG) Over-Exposed To Risk?

As a small-cap bank with a market capitalisation of US$408m, Capital City Bank Group Inc’s (NASDAQ:CCBG) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Capital City Bank Group’s bottom line. … See our latest analysis for Capital City Bank Group

Simply Wall St - –

Is Capital City Bank Group Inc's (NASDAQ:CCBG) PE Ratio A Signal To Sell For Investors?

Capital City Bank Group Inc (NASDAQ:CCBG) is trading with a trailing P/E of 24.6, which is higher than the industry average of 17.2. … While this might not seem positive, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … View our latest analysis for Capital City Bank Group

Simply Wall St - –

Have Investors Priced In Financial Growth For Capital City Bank Group Inc (NASDAQ:CCBG)?

Capital City Bank Group Inc (NASDAQ:CCBG), a US$418.2m. … is a bank operating in an industry, … Many aspects of banking and capital markets are being attacked by new competitors, whose key advantage is a leaner and technology-enabled operating model, allowing them to scale at a faster rate and meet changing consumer needs

Simply Wall St - –

How Should Investors Feel About Capital City Bank Group Inc's (NASDAQ:CCBG) CEO Pay?

Leading Capital City Bank Group Inc (NASDAQ:CCBG) as the CEO, Bill Smith took the company to a valuation of US$415.48m. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders.

Simply Wall St - –

Want To Invest In Capital City Bank Group Inc (NASDAQ:CCBG) Today? Read This First

Looking at Capital City Bank Group Inc’s (NASDAQ:CCBG) fundamentals some investors are wondering if its last closing price of $24.22 represents a good value for money for this high growth stock. … What can we expect from Capital City Bank Group in the future. … Capital City Bank Group is poised for significantly high earnings growth in the near future

Simply Wall St - –

Company Info

Map
Description

Capital City Bank Group, Inc. operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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. The company also provides commercial and residential real estate lending products, as well as fixed-rate and adjustable rate residential mortgage loans; retail credit products, such as personal loans, automobile loans, boat/RV loans, home equity loans, and credit card programs; and institutional banking services, including customized checking and savings accounts, cash management systems, tax-exempt loans, lines of credit, and term loans to meet the needs of state and local governments, public schools and colleges, charities, membership, and not-for-profit associations. Its consumer banking services include checking accounts, savings programs, automated teller machines, debit/credit cards, night deposit services, safe deposit facilities, online banking, and mobile banking. In addition, the company provides asset management for individuals through agency, personal trust, IRA, and personal investment management accounts; and offers access to retail securities products, including the U.S. Government bonds, tax-free municipal bonds, stocks, mutual funds, unit investment trusts, annuities, life insurance, and long-term health care. As of February 28, 2018, it had 59 banking offices. Capital City Bank Group, Inc. was founded in 1895 and is headquartered in Tallahassee, Florida.

Details
Name: Capital City Bank Group, Inc.
CCBG
Exchange: NasdaqGS
Founded: 1895
$437,721,648
17,058,521
Website: http://www.ccbg.com
Address: Capital City Bank Group, Inc.
217 North Monroe Street,
Tallahassee,
Florida, 32301,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CCBG Common Stock Nasdaq Global Select US USD 31. Jan 1991
Number of employees
Current staff
Staff numbers
789
Capital City Bank Group employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/21 23:35
End of day share price update: 2019/02/21 00:00
Last estimates confirmation: 2019/02/01
Last earnings filing: 2019/01/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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