Brokerages Set Capital City Bank Group, Inc. (NASDAQ:CCBG) Price Target at $35.80

Capital City Bank Group, Inc. (NASDAQ:CCBG) has been given an average rating of “Hold” by the five research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $35.80.

CCBG has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their price target on shares of Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Piper Sandler downgraded Capital City Bank Group from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $30.00 to $34.00 in a research report on Monday, July 29th. StockNews.com upgraded Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, Hovde Group raised 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.

Capital City Bank Group Stock Performance

Shares of CCBG opened at $38.18 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. Capital City Bank Group has a one year low of $25.45 and a one year high of $40.08. The company’s fifty day moving average price is $35.50 and its 200 day moving average price is $32.00. The company has a market capitalization of $646.77 million, a PE ratio of 12.52 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. The business had revenue of $68.84 million during the quarter, compared to analysts’ expectations of $54.40 million.

Capital City Bank Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were issued a dividend of $0.23 per share. The ex-dividend date was Monday, September 9th. This represents a $0.92 dividend on an annualized basis and a yield of 2.41%. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.21. Capital City Bank Group’s dividend payout ratio is currently 30.16%.

Insiders Place Their Bets

In other news, Treasurer Thomas A. Barron sold 3,000 shares of Capital City Bank Group stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total value of $101,430.00. Following the completion of the sale, the treasurer now directly owns 140,681 shares of the company’s stock, valued at approximately $4,756,424.61. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 added to or reduced their stakes in the company. 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 during the last quarter. Barclays PLC lifted its holdings in Capital City Bank Group by 46.8% in the third quarter. Barclays PLC now owns 53,402 shares of the financial services provider’s stock valued at $1,883,000 after buying an additional 17,022 shares during the period. Wellington Management Group LLP bought a new position in Capital City Bank Group in the third quarter valued at approximately $5,673,000. State Street Corp grew its holdings in Capital City Bank Group by 1.8% during the 3rd 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 period. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Capital City Bank Group during the 3rd quarter valued at $235,000. 44.59% of the stock is currently owned by institutional investors and hedge funds.

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.