Capital City Bank Group, Inc. (NASDAQ:CCBG) Receives $36.80 Average Target Price from Analysts

Capital City Bank Group, Inc. (NASDAQ:CCBG) has been assigned an average recommendation of “Hold” from the five research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $36.80.

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods upped their target price on shares of Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com downgraded Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Monday, December 2nd.

Institutional Trading of Capital City Bank Group

A number of hedge funds and other institutional investors have recently made changes to their positions in CCBG. Wilmington Savings Fund Society FSB bought a new position in Capital City Bank Group in the third quarter valued at $35,000. Blue Trust Inc. boosted its stake in shares of Capital City Bank Group by 1,482.3% during the 3rd quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock worth $148,000 after buying an additional 3,928 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Capital City Bank Group in the 3rd quarter valued at about $184,000. FMR LLC increased its position in shares of Capital City Bank Group by 48.5% in the third quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 2,164 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in Capital City Bank Group during the third quarter worth about $235,000. 44.59% of the stock is currently owned by institutional investors and hedge funds.

Capital City Bank Group Stock Performance

NASDAQ CCBG opened at $38.86 on Thursday. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $40.86. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average price is $37.17 and its 200 day moving average price is $33.43. The company has a market capitalization of $658.44 million, a PE ratio of 12.74 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBG) last announced 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 business had revenue of $68.84 million for the quarter, compared to analyst estimates of $54.40 million. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%. On average, research analysts predict that Capital City Bank Group will post 3.05 earnings per share for the current year.

Capital City Bank Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.37%. Capital City Bank Group’s dividend payout ratio (DPR) is 30.16%.

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.