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CCBG

Capital City Bank Group NasdaqGS:CCBG Stock Report

Last Price

US$26.87

Market Cap

US$438.6m

7D

1.5%

1Y

4.2%

Updated

17 May, 2022

Data

Company Financials +
CCBG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance2/6
Financial Health6/6
Dividends4/6

CCBG Stock Overview

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.

Capital City Bank Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Capital City Bank Group
Historical stock prices
Current Share PriceUS$26.87
52 Week HighUS$29.00
52 Week LowUS$22.02
Beta0.67
1 Month Change7.48%
3 Month Change-3.86%
1 Year Change4.23%
3 Year Change15.03%
5 Year Change46.51%
Change since IPO435.97%

Recent News & Updates

Shareholder Returns

CCBGUS BanksUS Market
7D1.5%1.5%2.7%
1Y4.2%-16.6%-8.1%

Return vs Industry: CCBG exceeded the US Banks industry which returned -20.8% over the past year.

Return vs Market: CCBG exceeded the US Market which returned -10.8% over the past year.

Price Volatility

Is CCBG's price volatile compared to industry and market?
CCBG volatility
CCBG Average Weekly Movement3.7%
Banks Industry Average Movement3.9%
Market Average Movement7.8%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market2.9%

Stable Share Price: CCBG is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CCBG's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1895954Bill Smithhttps://www.ccbg.com

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 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. It also provides commercial and residential real estate lending products, as well as fixed- and adjustable-rate residential mortgage loans; personal, automobile, boat/RV, and home equity loans; and credit card programs.

Capital City Bank Group Fundamentals Summary

How do Capital City Bank Group's earnings and revenue compare to its market cap?
CCBG fundamental statistics
Market CapUS$438.60m
Earnings (TTM)US$32.35m
Revenue (TTM)US$207.17m

14.1x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CCBG income statement (TTM)
RevenueUS$207.17m
Cost of RevenueUS$0
Gross ProfitUS$207.17m
Other ExpensesUS$174.82m
EarningsUS$32.35m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.91
Gross Margin100.00%
Net Profit Margin15.61%
Debt/Equity Ratio22.7%

How did CCBG perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

33%

Payout Ratio

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CCBG ($26.87) is trading below our estimate of fair value ($61.47)

Significantly Below Fair Value: CCBG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CCBG is poor value based on its PE Ratio (14.1x) compared to the US Banks industry average (9.7x).

PE vs Market: CCBG is good value based on its PE Ratio (14.1x) compared to the US market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: CCBG is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: CCBG is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.1x).


Future Growth

How is Capital City Bank Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCBG's forecast earnings growth (16.2% per year) is above the savings rate (1.9%).

Earnings vs Market: CCBG's earnings (16.2% per year) are forecast to grow faster than the US market (12.5% per year).

High Growth Earnings: CCBG's earnings are forecast to grow, but not significantly.

Revenue vs Market: CCBG's revenue (7% per year) is forecast to grow slower than the US market (7.9% per year).

High Growth Revenue: CCBG's revenue (7% per year) is forecast to grow slower than 20% 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 (11.1%).


Past Performance

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

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


20.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CCBG has high quality earnings.

Growing Profit Margin: CCBG's current net profit margins (15.6%) are lower than last year (16.6%).


Past Earnings Growth Analysis

Earnings Trend: CCBG's earnings have grown significantly by 20.5% per year over the past 5 years.

Accelerating Growth: CCBG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CCBG had negative earnings growth (-12.1%) over the past year, making it difficult to compare to the Banks industry average (20.9%).


Return on Equity

High ROE: CCBG's Return on Equity (9.8%) is considered low.


Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: CCBG's Assets to Equity ratio (11.6x) is moderate.

Allowance for Bad Loans: CCBG has a sufficient allowance for bad loans (761%).

Low Risk Liabilities: 96% 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 (46%).

Low Risk Deposits: CCBG's Loans to Deposits ratio (52%) is appropriate.

Level of Bad Loans: CCBG has an appropriate level of bad loans (0.1%).


Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.38%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CCBG's dividend (2.38%) is higher than the bottom 25% of dividend payers in the US market (1.54%).

High Dividend: CCBG's dividend (2.38%) is low compared to the top 25% of dividend payers in the US market (4.06%).


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 increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (32.9%), 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 (24.8% payout ratio).


Next Steps

Management

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

27.3yrs

Average management tenure


CEO

Bill Smith (68 yo)

27.33yrs

Tenure

US$1,239,364

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 ($USD1.24M) is below average for companies of similar size in the US market ($USD2.62M).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CCBG's management team is seasoned and experienced (27.3 years average tenure).


Board Members

Experienced Board: CCBG's board of directors are considered experienced (4.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CCBG 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 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
  • Implied Market Cap: US$438.605m
  • Shares outstanding: 16.95m
  • Website: https://www.ccbg.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/17 00:00
End of Day Share Price2022/05/17 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.