Capital City Bank Group (NASDAQ:CCBG) Price Target Increased to $38.00 by Analysts at Keefe, Bruyette & Woods

Capital City Bank Group (NASDAQ:CCBG) had its price target upped by Keefe, Bruyette & Woods from $37.00 to $38.00 in a research note published on Thursday morning, Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Other equities analysts have also recently issued reports about the company. Hovde Group lifted their target price on Capital City Bank Group from $30.00 to $37.00 and gave the stock a market perform rating in a report on Wednesday. Piper Sandler decreased their target price on Capital City Bank Group from $34.00 to $30.00 and set an overweight rating on the stock in a report on Tuesday, April 23rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $35.00.

Capital City Bank Group Stock Up 4.8 %

CCBG opened at $35.62 on Thursday. Capital City Bank Group has a one year low of $25.45 and a one year high of $36.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s fifty day moving average is $28.36 and its 200-day moving average is $27.94. The company has a market capitalization of $603.40 million, a PE ratio of 11.60 and a beta of 0.55.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. Capital City Bank Group had a return on equity of 11.84% and a net margin of 19.67%. The company had revenue of $56.45 million for the quarter, compared to the consensus estimate of $56.95 million. On average, equities analysts predict that Capital City Bank Group will post 2.83 EPS for the current fiscal year.

Capital City Bank Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were issued a dividend of $0.21 per share. The ex-dividend date was Monday, June 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.36%. Capital City Bank Group’s dividend payout ratio is 27.36%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in shares of Capital City Bank Group by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 850,987 shares of the financial services provider’s stock valued at $25,046,000 after buying an additional 8,266 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Capital City Bank Group by 1.4% during the third quarter. Vanguard Group Inc. now owns 700,918 shares of the financial services provider’s stock valued at $20,908,000 after buying an additional 9,449 shares in the last quarter. Heartland Advisors Inc. grew its holdings in shares of Capital City Bank Group by 9.6% during the first quarter. Heartland Advisors Inc. now owns 608,610 shares of the financial services provider’s stock valued at $16,858,000 after buying an additional 53,450 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Capital City Bank Group by 7.4% during the first quarter. Acadian Asset Management LLC now owns 163,375 shares of the financial services provider’s stock valued at $4,524,000 after buying an additional 11,269 shares in the last quarter. Finally, Isthmus Partners LLC grew its holdings in shares of Capital City Bank Group by 50.3% during the first quarter. Isthmus Partners LLC now owns 107,583 shares of the financial services provider’s stock valued at $2,980,000 after buying an additional 35,997 shares in the last quarter. Hedge funds and other 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.