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

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

Separately, Keefe, Bruyette & Woods boosted their price objective on Capital City Bank Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.80.

Capital City Bank Group Trading Up 0.8 %

CCBG stock opened at $36.88 on Wednesday. The firm has a fifty day moving average price of $37.62 and a 200 day moving average price of $33.99. Capital City Bank Group has a fifty-two week low of $25.45 and a fifty-two week high of $40.86. The firm has a market cap of $624.89 million, a PE ratio of 12.09 and a beta of 0.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%. The business had revenue of $68.84 million during the quarter, compared to analysts’ expectations of $54.40 million. Sell-side analysts anticipate that Capital City Bank Group will post 3.05 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Monday, December 9th. Capital City Bank Group’s payout ratio is currently 30.16%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Isthmus Partners LLC boosted its position in Capital City Bank Group by 1.3% in the 2nd quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock valued at $31,000 after buying an additional 1,346 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Capital City Bank Group in the third quarter valued at approximately $35,000. Blue Trust Inc. boosted its holdings in shares of Capital City Bank Group by 1,482.3% in the third quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 3,928 shares during the period. SG Americas Securities LLC bought a new position in Capital City Bank Group in the third quarter worth approximately $184,000. Finally, Princeton Capital Management LLC purchased a new position in Capital City Bank Group during the 2nd quarter worth $204,000. 44.59% of the stock is currently owned by institutional investors.

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.