Capital City Bank Group (NASDAQ:CCBG) Price Target Raised to $44.00

Capital City Bank Group (NASDAQ:CCBG) had its price target boosted by Keefe, Bruyette & Woods from $43.00 to $44.00 in a report released on Friday,Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

Separately, StockNews.com downgraded Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Friday, January 24th.

Capital City Bank Group Price Performance

Shares of NASDAQ:CCBG opened at $36.89 on Friday. The company’s fifty day moving average price is $37.21 and its 200-day moving average price is $35.57. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The firm has a market capitalization of $624.92 million, a price-to-earnings ratio of 11.82 and a beta of 0.56. Capital City Bank Group has a one year low of $25.45 and a one year high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, January 28th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates 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%. On average, equities research analysts anticipate that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.49%. Capital City Bank Group’s dividend payout ratio (DPR) is currently 29.49%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CCBG. Wilmington Savings Fund Society FSB purchased a new stake in Capital City Bank Group during the 3rd quarter valued at $35,000. Blue Trust Inc. boosted its holdings in shares of Capital City Bank Group by 1,482.3% during the third quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 3,928 shares during the period. SG Americas Securities LLC bought a new stake in shares of Capital City Bank Group in the third quarter worth about $184,000. FMR LLC increased its holdings in Capital City Bank Group by 48.5% during the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 2,164 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in Capital City Bank Group during the 3rd quarter valued at about $235,000. Institutional investors 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.