NasdaqGS:CCBG

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Capital City Bank Group

Executive Summary

Capital City Bank Group, Inc. operates as the financial holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients. More Details


Snowflake Analysis

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has Capital City Bank Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CCBG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: CCBG's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-2.5%

CCBG

-0.4%

US Banks

-0.4%

US Market


1 Year Return

-12.2%

CCBG

-7.3%

US Banks

19.5%

US Market

Return vs Industry: CCBG underperformed the US Banks industry which returned -7.3% over the past year.

Return vs Market: CCBG underperformed the US Market which returned 19.5% over the past year.


Shareholder returns

CCBGIndustryMarket
7 Day-2.5%-0.4%-0.4%
30 Day5.2%13.4%2.3%
90 Day20.2%38.1%12.7%
1 Year-9.9%-12.2%-3.8%-7.3%22.3%19.5%
3 Year13.7%7.4%0.9%-7.7%44.4%34.8%
5 Year110.6%94.5%93.5%69.0%128.7%103.3%

Long-Term Price Volatility Vs. Market

How volatile is Capital City Bank Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Capital City Bank Group undervalued compared to its fair value and its price relative to the market?

13.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CCBG ($25.5) is trading above our estimate of fair value ($21.47)

Significantly Below Fair Value: CCBG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CCBG is poor value based on its PE Ratio (13.2x) compared to the US Banks industry average (12.3x).

PE vs Market: CCBG is good value based on its PE Ratio (13.2x) compared to the US market (21x).


Price to Earnings Growth Ratio

PEG Ratio: CCBG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CCBG is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1x).


Next Steps

Future Growth

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

-6.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCBG's earnings are forecast to decline over the next 3 years (-6% per year).

Earnings vs Market: CCBG's earnings are forecast to decline over the next 3 years (-6% per year).

High Growth Earnings: CCBG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CCBG's revenue is expected to decline over the next 3 years (-1.6% per year).

High Growth Revenue: CCBG's revenue is forecast to decline over the next 3 years (-1.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CCBG's Return on Equity is forecast to be low in 3 years time (8.3%).


Next Steps

Past Performance

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

28.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CCBG has high quality earnings.

Growing Profit Margin: CCBG's current net profit margins (17.1%) are lower than last year (20%).


Past Earnings Growth Analysis

Earnings Trend: CCBG's earnings have grown significantly by 28.9% per year over the past 5 years.

Accelerating Growth: CCBG's earnings growth over the past year (5.5%) is below its 5-year average (28.9% per year).

Earnings vs Industry: CCBG earnings growth over the past year (5.5%) exceeded the Banks industry -4.4%.


Return on Equity

High ROE: CCBG's Return on Equity (12.2%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: CCBG's Assets to Equity ratio (10.6x) is moderate.

Allowance for Bad Loans: CCBG has a sufficient allowance for bad loans (420%).

Low Risk Liabilities: 93% of CCBG's liabilities are made up of primarily low risk sources of funding.

Loan Level: CCBG has an appropriate level of Loans to Assets ratio (55%).

Low Risk Deposits: CCBG's Loans to Deposits ratio (66%) is appropriate.

Level of Bad Loans: CCBG has an appropriate level of bad loans (0.3%).


Next Steps

Dividend

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

2.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CCBG's dividend (2.35%) is higher than the bottom 25% of dividend payers in the US market (1.39%).

High Dividend: CCBG's dividend (2.35%) is low compared to the top 25% of dividend payers in the US market (3.85%).


Stability and Growth of Payments

Stable Dividend: CCBG's dividend payments have been volatile in the past 10 years.

Growing Dividend: CCBG's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.5%), CCBG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CCBG's dividends in 3 years are forecast to be well covered by earnings (37% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

26.0yrs

Average management tenure


CEO

Bill Smith (67 yo)

26yrs

Tenure

US$1,957,084

Compensation

Mr. William Godfrey Smith, Jr., also known as Bill, has been the Chairman, Chief Executive Officer and President of Capital City Bank Group, Inc. since 1985 and also serves as Chairman and Chief Executive ...


CEO Compensation Analysis

Compensation vs Market: Bill's total compensation ($USD1.96M) is about average for companies of similar size in the US market ($USD1.66M).

Compensation vs Earnings: Bill's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
William Smith
Chairman26yrsUS$1.96m17.28%
$ 73.9m
J. Davis
Executive VP34yrsUS$1.28m0.77%
$ 3.3m
Thomas Barron
Treasurer & Director39yrsUS$1.70m1.15%
$ 4.9m
Bethany Corum
Chief Operating Officerno datano datano data
Marsha Crowle
Director of Complianceno datano datano data
Brooke Hallock
Chief Brand Officer of Marketingno datano datano data
Edward Canup
Chief Revenue Officerno datano datano data
Dale Thompson
Credit Administrationno datano datano data
Donald James
President of Northwest Alachua County15.67yrsno datano data
Jep Larkin
Senior VP & Controllerno datano datano data

26.0yrs

Average Tenure

66yo

Average Age

Experienced Management: CCBG's management team is seasoned and experienced (26 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
William Smith
Chairman26yrsUS$1.96m17.28%
$ 73.9m
Thomas Barron
Treasurer & Director39yrsUS$1.70m1.15%
$ 4.9m
Marshall Criser
Independent Director2.58yrsUS$81.00k0.066%
$ 281.6k
Cader Cox
Independent Director27yrsUS$70.00k0.31%
$ 1.3m
John Sample
Independent Director5yrsUS$74.00k0.088%
$ 378.1k
J. Drew
Lead Independent Director12.67yrsUS$79.00k0.22%
$ 928.5k
Frederick Carroll
Independent Director17.5yrsUS$72.00k0.26%
$ 1.1m
Allan Bense
Independent Director7.75yrsUS$69.00k0.38%
$ 1.6m
Stanley Connally
Independent Director4yrsUS$73.00k0.077%
$ 331.1k
William Grant
Independent Director4yrsUS$71.00k0.077%
$ 331.1k
Laura Johnson
Independent Director4yrsUS$66.00k0.099%
$ 421.0k
Robert Antoine
Independent Director1.5yrsUS$15.50k0.0065%
$ 27.6k

6.4yrs

Average Tenure

63.5yo

Average Age

Experienced Board: CCBG's board of directors are considered experienced (6.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Capital City Bank Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Capital City Bank Group, Inc.
  • Ticker: CCBG
  • Exchange: NasdaqGS
  • Founded: 1895
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$427.417m
  • Shares outstanding: 16.76m
  • Website: https://www.ccbg.com

Number of Employees


Location

  • Capital City Bank Group, Inc.
  • 217 North Monroe Street
  • Tallahassee
  • Florida
  • 32301
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CCBGNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 1991

Biography

Capital City Bank Group, Inc. operates as the financial holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients. The company ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/19 00:35
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.