Capital City Bank Group (NASDAQ:CCBG) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

Separately, Keefe, Bruyette & Woods boosted their price target on 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. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Capital City Bank Group presently has an average rating of “Moderate Buy” and a consensus target price of $36.80.

Capital City Bank Group Stock Down 1.0 %

CCBG stock opened at $39.00 on Tuesday. Capital City Bank Group has a fifty-two week low of $25.45 and a fifty-two week high of $40.86. The stock has a market capitalization of $660.82 million, a P/E ratio of 12.79 and a beta of 0.56. 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 business has a 50-day moving average of $37.40 and a 200-day moving average of $33.65.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $68.84 million for the quarter, compared to analyst estimates of $54.40 million. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Monday, December 9th. Capital City Bank Group’s dividend payout ratio (DPR) is 30.16%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Princeton Capital Management LLC raised its position in Capital City Bank Group by 7.0% during the 3rd quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 500 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Capital City Bank Group in the 3rd quarter valued at $35,000. Empowered Funds LLC increased its position in shares of Capital City Bank Group by 5.1% during the third quarter. Empowered Funds LLC now owns 24,809 shares of the financial services provider’s stock worth $876,000 after buying an additional 1,206 shares during the period. Rhumbline Advisers lifted its holdings in Capital City Bank Group by 6.5% in the second quarter. Rhumbline Advisers now owns 21,602 shares of the financial services provider’s stock valued at $614,000 after buying an additional 1,316 shares during the period. Finally, Isthmus Partners LLC boosted its position in Capital City Bank Group by 1.3% during the second quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 1,346 shares during the last quarter. Institutional investors and hedge funds 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.