Capital City Bank Group (NASDAQ:CCBG) Lowered to Hold Rating by StockNews.com

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

A number of other brokerages have also issued reports on CCBG. Hovde Group lifted their target price 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. Keefe, Bruyette & Woods boosted their target price on shares of Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Piper Sandler cut shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $30.00 to $34.00 in a report on Monday, July 29th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $35.80.

Capital City Bank Group Stock Up 9.8 %

CCBG stock opened at $39.19 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.83 and a current ratio of 0.83. The company has a fifty day moving average of $34.71 and a 200-day moving average of $31.25. Capital City Bank Group has a one year low of $25.45 and a one year high of $39.58. The stock has a market capitalization of $663.88 million, a PE ratio of 12.85 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data 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 firm 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 11.45% and a net margin of 19.42%.

Capital City Bank Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were issued a $0.23 dividend. This is a positive change 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 2.35%. Capital City Bank Group’s payout ratio is 30.16%.

Insider Activity at Capital City Bank Group

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the sale, the treasurer now directly owns 140,681 shares of the company’s stock, valued at $4,756,424.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 19.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CCBG. BNP Paribas Financial Markets lifted its stake in Capital City Bank Group by 23.5% in the 1st quarter. BNP Paribas Financial Markets now owns 18,518 shares of the financial services provider’s stock valued at $513,000 after purchasing an additional 3,519 shares during the last quarter. Heartland Advisors Inc. lifted its position in shares of Capital City Bank Group by 9.6% during the first quarter. Heartland Advisors Inc. now owns 608,610 shares of the financial services provider’s stock valued at $16,858,000 after purchasing an additional 53,450 shares in the last quarter. Russell Investments Group Ltd. raised its position in 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 worth $2,642,000 after acquiring an additional 7,937 shares during the period. Isthmus Partners LLC raised its position in Capital City Bank Group by 50.3% in the first quarter. Isthmus Partners LLC now owns 107,583 shares of the financial services provider’s stock worth $2,980,000 after acquiring an additional 35,997 shares during the period. Finally, State Board of Administration of Florida Retirement System purchased a new position in shares of Capital City Bank Group in the first quarter worth about $585,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

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.