Capital City Bank Group, Inc. (NASDAQ:CCBG) Given Average Recommendation of “Hold” by Brokerages

Capital City Bank Group, Inc. (NASDAQ:CCBG) has earned an average rating of “Hold” from the five analysts that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $35.80.

Several research analysts have recently weighed in on CCBG shares. Hovde Group boosted their price objective on shares of Capital City Bank Group from $30.00 to $37.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. Piper Sandler cut shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $30.00 to $34.00 in a report on Monday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, July 25th.

Capital City Bank Group Stock Up 1.1 %

Shares of Capital City Bank Group stock opened at $35.57 on Wednesday. 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 has a market capitalization of $602.56 million, a PE ratio of 11.59 and a beta of 0.55. Capital City Bank Group has a 52-week low of $25.45 and a 52-week high of $36.49. The company has a 50-day simple moving average of $28.80 and a two-hundred day simple moving average of $28.10.

Capital City Bank Group Announces Dividend

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

Institutional Trading of Capital City Bank Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCBG. Vanguard Group Inc. increased its holdings in 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 during the last quarter. SG Americas Securities LLC increased its holdings in Capital City Bank Group by 29.9% during the fourth quarter. SG Americas Securities LLC now owns 6,299 shares of the financial services provider’s stock valued at $185,000 after buying an additional 1,449 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Capital City Bank Group during the fourth quarter valued at approximately $272,000. BNP Paribas Financial Markets increased its holdings in Capital City Bank Group by 30.5% during the fourth quarter. BNP Paribas Financial Markets now owns 14,999 shares of the financial services provider’s stock valued at $441,000 after buying an additional 3,504 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in 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 during the last quarter. 44.59% of the stock is owned by hedge funds and other 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.