Capital City Bank Group, Inc. (NASDAQ:CCBG) Receives Average Rating of “Hold” from Analysts

Capital City Bank Group, Inc. (NASDAQ:CCBG) has been assigned an average rating of “Hold” from the five analysts that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $35.80.

Several research analysts recently issued reports on the stock. StockNews.com raised shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a research report on Thursday. Piper Sandler downgraded Capital City Bank Group from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $30.00 to $34.00 in a research report on Monday, July 29th. Keefe, Bruyette & Woods upped their price target 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. 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 note on Wednesday, July 24th.

Capital City Bank Group Stock Performance

CCBG opened at $38.34 on Friday. The stock’s 50 day simple moving average is $35.32 and its 200-day simple moving average is $31.78. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The stock has a market cap of $649.63 million, a PE ratio of 12.57 and a beta of 0.53. Capital City Bank Group has a 1 year low of $25.45 and a 1 year high of $40.08.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. The firm had revenue of $68.84 million for the quarter, compared to analyst estimates of $54.40 million. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%.

Capital City Bank Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.40%. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, September 9th. Capital City Bank Group’s dividend payout ratio (DPR) is currently 30.16%.

Insider Buying and Selling at Capital City Bank Group

In other news, Treasurer Thomas A. Barron sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the transaction, the treasurer now directly owns 140,681 shares in the company, valued at approximately $4,756,424.61. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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. Princeton Capital Management LLC lifted its holdings in Capital City Bank Group by 7.0% in the third quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider’s stock valued at $271,000 after buying an additional 500 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Capital City Bank Group by 22.3% in the 1st quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 662 shares during the period. Empowered Funds LLC boosted its position in shares of Capital City Bank Group by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 24,809 shares of the financial services provider’s stock worth $876,000 after purchasing an additional 1,206 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Capital City Bank Group by 6.5% during the second quarter. Rhumbline Advisers now owns 21,602 shares of the financial services provider’s stock worth $614,000 after purchasing an additional 1,316 shares during the period. Finally, Isthmus Partners LLC grew its stake in shares of Capital City Bank Group by 1.3% during the second quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,346 shares during the period. Institutional investors and hedge funds own 44.59% of the company’s stock.

Capital City Bank Group Company Profile

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.