CCBG Reports Quarterly Growth in Revenue and Net Interest Income | CCBG Stock News

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3 days ago
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Capital City Bank (CCBG, Financial) has reported a notable rise in its noninterest income by $0.1 million, or 0.5%, driven by increased deposit and bankcard fees, as well as mortgage fees, although these were somewhat offset by a decrease in wealth management fees. The tangible book value per diluted share saw a rise of $0.78, marking a 3.2% increase.

The bank's second-quarter results were further buoyed by a 3.9% growth in net interest income and an 8 basis point enlargement in the net interest margin, reaching 4.30%. CCBG's tangible capital ratio also improved to 10.1%, showcasing an enhanced capital position. The company remains committed to executing strategies that sustain profitable growth, supported by a resilient balance sheet that offers both strength and strategic agility.

Wall Street Analysts Forecast

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Based on the one-year price targets offered by 3 analysts, the average target price for Capital City Bank Group Inc (CCBG, Financial) is $42.67 with a high estimate of $45.00 and a low estimate of $40.00. The average target implies an upside of 1.71% from the current price of $41.95. More detailed estimate data can be found on the Capital City Bank Group Inc (CCBG) Forecast page.

Based on the consensus recommendation from 3 brokerage firms, Capital City Bank Group Inc's (CCBG, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

Based on GuruFocus estimates, the estimated GF Value for Capital City Bank Group Inc (CCBG, Financial) in one year is $39.08, suggesting a downside of 6.84% from the current price of $41.95. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Capital City Bank Group Inc (CCBG) Summary page.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.