CAPITAL CITY BANK GROUP INC (CCBG) Jul 2024 Earnings Report

Capital City Bank Group: Investment Report

Overview

Capital City Bank Group, Inc. (CCBG) is a financial holding company that operates through its subsidiary, Capital City Bank, providing a range of banking-related services to individual and corporate clients. With a market capitalization of $504.06 million and a strong presence in the Southeastern United States, CCBG is an attractive investment opportunity in the banking industry. This report provides an in-depth analysis of CCBG's financial performance, growth prospects, and recent news and updates, making a strong case for investment in the company.

Core Metrics

  • Current price: $29.75
  • 52-week high: $33.44
  • 52-week low: $25.45
  • Market Cap: $504.06 billion
  • P/E Ratio: 9.88
  • Earnings per Share: $3.01
  • 50-day average: $27.43
  • 200-day average: $28.12
  • Analyst Recommendations: Buy (4 analysts)

Financial Performance

Capital City Bank Group has demonstrated a strong financial performance in recent years, with revenue growth of -0.067% and a total cash balance of $304.69 million. The company's P/E ratio of 9.88 is lower than the industry average, making it an attractive investment opportunity. CCBG's earnings per share (EPS) have also been steady, with a current EPS of $3.01.

Growth Prospects

CCBG has a strong growth prospects, driven by its expansion into new markets and its commitment to digital transformation. The company's recent initiatives, such as its online and mobile banking services, position it well for future growth. Additionally, CCBG's strong capital position and liquidity enable it to pursue strategic growth opportunities.

News and Updates

Recent news articles have highlighted CCBG's strengths, including its 7.8% jump in share price last session on above-average trading volume. The company's insider roster data also indicates a positive trend, with insiders buying more shares than they have sold in the last 24 months.

Upgrades and Downgrades

Piper Sandler upgraded CCBG to Overweight in April 2024, citing the company's strong financial performance and growth prospects. Keefe, Bruyette & Woods also upgraded CCBG to Outperform in April 2024, highlighting its strong capital position and liquidity. These upgrades demonstrate the confidence of analysts in CCBG's growth prospects.

Summary

In conclusion, Capital City Bank Group, Inc. is a strong investment opportunity in the banking industry. The company's financial performance, growth prospects, and recent news and updates all indicate a positive trend. With a lower P/E ratio than the industry average and a strong capital position, CCBG is well-positioned for future growth. We recommend a Buy rating for CCBG, with a target price of $35.00.

Disclosures

The information on this website should not be construed as or relied upon in any manner as investment, legal, tax, or other advice. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Any charts provided here or on other content distribution outlets are for informational purposes only, and should not be relied upon when making any investment decision. Under no circumstances should any information provided on this website or social media platforms be construed as an offer soliciting the purchase or sale of any security, nor should it be construed as an offer to provide investment advisory services.