Capital City Bank Group (NASDAQ:CCBG) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Capital City Bank Group (NASDAQ:CCBG) from a buy rating to a hold rating in a research report report published on Wednesday morning.

Separately, Keefe, Bruyette & Woods upped their price target on Capital City Bank Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Capital City Bank Group presently has an average rating of “Hold” and an average price target of $36.80.

Capital City Bank Group Stock Down 1.2 %

Shares of CCBG stock opened at $36.62 on Wednesday. Capital City Bank Group has a 12-month low of $25.45 and a 12-month high of $40.86. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The firm has a fifty day moving average of $37.67 and a 200-day moving average of $34.10. The company has a market capitalization of $620.49 million, a price-to-earnings ratio of 12.01 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results 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. The firm had revenue of $68.84 million for the quarter, compared to the consensus estimate of $54.40 million. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. As a group, equities research analysts predict that Capital City Bank Group will post 3.05 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.92 annualized dividend and a yield of 2.51%. Capital City Bank Group’s dividend payout ratio is 30.16%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Princeton Capital Management LLC lifted its stake in shares of 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 buying an additional 500 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Capital City Bank Group during the third quarter worth approximately $35,000. Empowered Funds LLC boosted its stake in Capital City Bank Group by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 24,809 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 1,206 shares during the period. Rhumbline Advisers grew its holdings in Capital City Bank Group by 6.5% in the 2nd 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 in the last quarter. Finally, Isthmus Partners LLC grew its holdings in Capital City Bank Group by 1.3% in the 2nd quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock valued at $31,000 after buying an additional 1,346 shares in the last quarter. 44.59% of the stock is owned by institutional investors and hedge funds.

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.