Capital City Bank Group (NASDAQ:CCBG) Hits New 12-Month High at $33.54

Capital City Bank Group, Inc. (NASDAQ:CCBG)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $33.54 and last traded at $33.46, with a volume of 22567 shares traded. The stock had previously closed at $32.66.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Hovde Group upped their price target on Capital City Bank Group from $30.00 to $37.00 and gave the company a “market perform” rating in a research note on Wednesday. Piper Sandler decreased their price target on shares of Capital City Bank Group from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, April 23rd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Capital City Bank Group presently has an average rating of “Moderate Buy” and an average price target of $35.00.

Capital City Bank Group Price Performance

The stock has a market cap of $603.40 million, a price-to-earnings ratio of 11.60 and a beta of 0.55. The company has a 50 day simple moving average of $28.36 and a 200-day simple moving average of $27.94. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.12.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $56.45 million for the quarter, compared to the consensus estimate of $56.95 million. Capital City Bank Group had a net margin of 19.67% and a return on equity of 11.84%. Research analysts expect that Capital City Bank Group, Inc. will post 2.83 EPS for the current year.

Capital City Bank Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.84 annualized dividend and a yield of 2.36%. Capital City Bank Group’s dividend payout ratio (DPR) is presently 27.36%.

Institutional Investors Weigh In On Capital City Bank Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC grew its stake in shares of Capital City Bank Group by 22.3% in the first quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock valued at $100,000 after buying an additional 662 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Capital City Bank Group by 29.9% in the 4th quarter. SG Americas Securities LLC now owns 6,299 shares of the financial services provider’s stock valued at $185,000 after acquiring an additional 1,449 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Capital City Bank Group in the 4th quarter valued at about $272,000. Janus Henderson Group PLC acquired a new position in shares of Capital City Bank Group during the 1st quarter worth about $284,000. Finally, BNP Paribas Financial Markets lifted its stake in Capital City Bank Group by 30.5% in the 4th quarter. BNP Paribas Financial Markets now owns 14,999 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 3,504 shares during the last quarter. Institutional investors 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.