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

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

Separately, Keefe, Bruyette & Woods raised their price target on Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st.

Capital City Bank Group Stock Performance

NASDAQ CCBG opened at $36.29 on Friday. Capital City Bank Group has a 12-month low of $25.45 and a 12-month high of $40.86. The firm has a 50-day moving average price of $36.39 and a two-hundred day moving average price of $36.20. The company has a market capitalization of $614.90 million, a P/E ratio of 11.63 and a beta of 0.54. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. Analysts anticipate that Capital City Bank Group will post 3.06 earnings per share for the current year.

Capital City Bank Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.65%. Capital City Bank Group’s dividend payout ratio is presently 30.77%.

Hedge Funds Weigh In On Capital City Bank Group

Several hedge funds and other institutional investors have recently modified their holdings of CCBG. Dimensional Fund Advisors LP lifted its position in shares of Capital City Bank Group by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 882,343 shares of the financial services provider’s stock worth $32,338,000 after buying an additional 9,984 shares during the last quarter. Vanguard Group Inc. raised its stake in Capital City Bank Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 748,187 shares of the financial services provider’s stock worth $27,421,000 after acquiring an additional 9,196 shares in the last quarter. State Street Corp lifted its holdings in shares of Capital City Bank Group by 1.8% in the third quarter. State Street Corp now owns 341,426 shares of the financial services provider’s stock worth $12,049,000 after acquiring an additional 5,980 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Capital City Bank Group by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 320,479 shares of the financial services provider’s stock valued at $11,312,000 after purchasing an additional 7,773 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Capital City Bank Group by 43.6% during the 4th quarter. Wellington Management Group LLP now owns 230,744 shares of the financial services provider’s stock valued at $8,457,000 after purchasing an additional 70,004 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.