NasdaqGS:CCBG

Stock Analysis Report

Capital City Bank Group

Executive Summary

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.


Snowflake Analysis

Flawless balance sheet and fair value.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.7%

CCBG

-9.0%

US Banks

-7.6%

US Market


1 Year Return

12.5%

CCBG

1.2%

US Banks

10.2%

US Market

Return vs Industry: CCBG exceeded the US Banks industry which returned 1.2% over the past year.

Return vs Market: CCBG exceeded the US Market which returned 10.2% over the past year.


Shareholder returns

CCBGIndustryMarket
7 Day-5.7%-9.0%-7.6%
30 Day-2.2%-6.9%-4.5%
90 Day-5.1%-8.9%-0.6%
1 Year14.7%12.5%4.1%1.2%12.5%10.2%
3 Year38.2%32.3%11.7%3.8%37.1%28.3%
5 Year90.4%78.8%58.4%40.5%60.8%43.2%

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?

28.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CCBG ($27.73) is trading below our estimate of fair value ($38.59)

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 (15.1x) compared to the Banks industry average (12.1x).

PE vs Market: CCBG is good value based on its PE Ratio (15.1x) compared to the US market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: CCBG is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: CCBG is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.1x).


Next Steps

Future Growth

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

5.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCBG's forecast earnings growth (5.9% per year) is above the savings rate (1.7%).

Earnings vs Market: CCBG's earnings (5.9% per year) are forecast to grow slower than the US market (13.2% per year).

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

Revenue vs Market: CCBG's revenue (4.6% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: CCBG's revenue (4.6% 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 (10.3%).


Next Steps

Past Performance

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

29.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CCBG has a high level of non-cash earnings.

Growing Profit Margin: CCBG's current net profit margins (20%) are higher than last year (18.3%).


Past Earnings Growth Analysis

Earnings Trend: CCBG's earnings have grown significantly by 29.9% per year over the past 5 years.

Accelerating Growth: CCBG's earnings growth over the past year (17.5%) is below its 5-year average (29.9% per year).

Earnings vs Industry: CCBG earnings growth over the past year (17.5%) exceeded the Banks industry 11.9%.


Return on Equity

High ROE: CCBG's Return on Equity (9.4%) 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

Inventory Level: CCBG has a low level of unsold assets or inventory.

Debt Coverage by Assets: CCBG's debt is covered by short term assets (assets are 6.2x debt).


Financial Institutions Analysis

Asset Level: CCBG's level of assets compared to its equity is low.

Allowance for Bad Loans: CCBG has a sufficient allowance for bad loans.

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

Loan Level: CCBG has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CCBG's loans are broadly funded by customer deposits.

Level of Bad Loans: CCBG has an appropriate level of bad loans (0.24%)


Next Steps

Dividend

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

1.88%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CCBG's dividend (1.88%) is higher than the bottom 25% of dividend payers in the US market (1.53%).

High Dividend: CCBG's dividend (1.88%) is low compared to the top 25% of dividend payers in the US market (3.96%).


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 (26.1%), 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 (32.2% payout ratio).


Next Steps

Management

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

25.1yrs

Average management tenure


CEO

Bill Smith (66yo)

25.1yrs

Tenure

US$939,744

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 ($USD939.74K) is below average for companies of similar size in the US market ($USD1.75M).

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


Leadership Team

NamePositionTenureCompensationOwnership
William Smith
Chairman25.1yrsUS$939.74k17.77% $82.5m
J. Davis
Executive VP33.1yrsUS$563.20k0.71% $3.3m
Thomas Barron
Treasurer & Director38.1yrsUS$1.26m1.1% $5.1m
Bethany Corum
Chief People Officer & Executive VP0yrsno datano data
Donald James
President of Northwest Alachua County14.8yrsno datano data
Jep Larkin
Senior VP & Controller0yrsno datano data

25.1yrs

Average Tenure

65.5yo

Average Age

Experienced Management: CCBG's management team is seasoned and experienced (25.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
William Smith
Chairman25.1yrsUS$939.74k17.77% $82.5m
Thomas Barron
Treasurer & Director38.1yrsUS$1.26m1.1% $5.1m
Cader Cox
Independent Director26.1yrsUS$72.01k0.36% $1.7m
John Sample
Independent Director4.1yrsUS$73.01k0.060% $277.3k
J. Drew
Lead Director11.8yrsUS$81.01k0.21% $979.7k
Frederick Carroll
Independent Director16.6yrsUS$72.01k0.25% $1.2m
Allan Bense
Independent Director6.8yrsUS$73.01k0.33% $1.5m
Stanley Connally
Independent Director3.1yrsUS$72.01k0.024% $109.7k
William Grant
Independent Director3.1yrsUS$71.01k0.029% $136.0k
Laura Johnson
Independent Director3.1yrsUS$68.01k0.074% $342.7k

9.3yrs

Average Tenure

64.5yo

Average Age

Experienced Board: CCBG's board of directors are considered experienced (9.3 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 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$464.446m
  • Shares outstanding: 16.75m
  • 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 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 a line of 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 December 11, 2019, it had 57 banking offices and 81 ATMs. The company has a strategic alliance with BrandMortgage to deliver the mortgage services and expertise to homebuyers throughout the Southeast. Capital City Bank Group, Inc. was founded in 1895 and is headquartered in Tallahassee, Florida. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 23:35
End of Day Share Price2020/02/26 00:00
Earnings2019/12/31
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.