StockNews.com Upgrades Capital City Bank Group (NASDAQ:CCBG) to Buy

StockNews.com upgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a hold rating to a buy rating in a report released on Wednesday morning.

CCBG has been the subject of a number of other reports. Keefe, Bruyette & Woods upped their target price on Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Piper Sandler cut Capital City Bank Group from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $30.00 to $34.00 in a research report on Monday, July 29th. Finally, Hovde Group increased their price objective on Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Capital City Bank Group currently has a consensus rating of “Moderate Buy” and an average target price of $35.80.

Capital City Bank Group Trading Up 1.0 %

CCBG opened at $35.33 on Wednesday. The business has a fifty day moving average price of $34.26 and a 200 day moving average price of $30.62. The stock has a market capitalization of $598.60 million, a price-to-earnings ratio of 11.51 and a beta of 0.53. Capital City Bank Group has a 12 month low of $25.45 and a 12 month high of $36.67. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.83 and a quick ratio of 0.83.

Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.01. The business had revenue of $68.84 million during the quarter, compared to the consensus estimate of $54.40 million. Capital City Bank Group had a return on equity of 11.67% and a net margin of 19.67%.

Capital City Bank Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were issued a dividend of $0.23 per share. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, September 9th. This represents a $0.92 annualized dividend and a dividend yield of 2.60%. Capital City Bank Group’s dividend payout ratio (DPR) is 29.97%.

Insider Transactions at Capital City Bank Group

In other news, Treasurer Thomas A. Barron sold 8,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $35.26, for a total transaction of $282,080.00. Following the sale, the treasurer now owns 143,681 shares in the company, valued at $5,066,192.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Treasurer Thomas A. Barron sold 8,000 shares of Capital City Bank Group stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $35.26, for a total value of $282,080.00. Following the transaction, the treasurer now owns 143,681 shares in the company, valued at approximately $5,066,192.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Thomas A. Barron sold 3,000 shares of Capital City Bank Group stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the completion of the transaction, the treasurer now owns 140,681 shares in the company, valued at $4,756,424.61. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 19.40% of the company’s stock.

Institutional Trading of Capital City Bank Group

A number of hedge funds and other institutional investors have recently modified their holdings of CCBG. Los Angeles Capital Management LLC grew its holdings in shares of Capital City Bank Group by 16.0% during the first quarter. Los Angeles Capital Management LLC now owns 10,710 shares of the financial services provider’s stock valued at $297,000 after purchasing an additional 1,480 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Capital City Bank Group by 23.5% in the first quarter. BNP Paribas Financial Markets now owns 18,518 shares of the financial services provider’s stock valued at $513,000 after buying an additional 3,519 shares in the last quarter. Heartland Advisors Inc. increased its holdings in shares of Capital City Bank Group by 9.6% in the first quarter. Heartland Advisors Inc. now owns 608,610 shares of the financial services provider’s stock valued at $16,858,000 after buying an additional 53,450 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Capital City Bank Group by 9.1% in the first quarter. Russell Investments Group Ltd. now owns 95,391 shares of the financial services provider’s stock valued at $2,642,000 after buying an additional 7,937 shares in the last quarter. Finally, Isthmus Partners LLC raised its stake in Capital City Bank Group by 50.3% during the 1st quarter. Isthmus Partners LLC now owns 107,583 shares of the financial services provider’s stock valued at $2,980,000 after purchasing an additional 35,997 shares during the period. 44.59% of the stock is owned by hedge funds and other institutional investors.

About Capital City Bank Group

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of 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.