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

Capital City Bank Group, Inc. (NASDAQ:CCBG) has been assigned a consensus rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $35.80.

A number of equities analysts have recently commented on CCBG shares. Piper Sandler downgraded shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and raised their target price for the company from $30.00 to $34.00 in a research note on Monday, July 29th. Keefe, Bruyette & Woods upped their target price on Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. StockNews.com raised Capital City Bank Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Hovde Group upped their target price on Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 24th.

Capital City Bank Group Trading Up 1.0 %

Capital City Bank Group stock traded up $0.34 during midday trading on Wednesday, reaching $35.33. The stock had a trading volume of 22,913 shares, compared to its average volume of 31,695. The stock has a market capitalization of $598.60 million, a PE ratio of 11.51 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.83 and a current ratio of 0.83. The stock’s 50-day simple moving average is $34.26 and its 200 day simple moving average is $30.62. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $36.67.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Capital City Bank Group had a net margin of 19.67% and a return on equity of 11.67%. The firm had revenue of $68.84 million for the quarter, compared to analysts’ expectations of $54.40 million.

Capital City Bank Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were given a $0.23 dividend. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Monday, September 9th. Capital City Bank Group’s dividend payout ratio is presently 29.97%.

Insider Buying and Selling at Capital City Bank Group

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of Capital City Bank Group stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the sale, the treasurer now directly owns 140,681 shares in the company, valued at $4,756,424.61. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Treasurer Thomas A. Barron sold 8,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $35.26, for a total value of $282,080.00. Following the completion of the sale, the treasurer now directly owns 143,681 shares of the company’s stock, valued at $5,066,192.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Treasurer Thomas A. Barron sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the completion of the sale, the treasurer now directly owns 140,681 shares of the company’s stock, valued at approximately $4,756,424.61. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 19.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Capital City Bank Group

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Capital City Bank Group by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 867,642 shares of the financial services provider’s stock valued at $24,675,000 after buying an additional 4,606 shares during the last quarter. Heartland Advisors Inc. lifted its holdings in shares of Capital City Bank Group by 9.6% in the 1st quarter. Heartland Advisors Inc. now owns 608,610 shares of the financial services provider’s stock worth $16,858,000 after purchasing an additional 53,450 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Capital City Bank Group by 4.0% in the 2nd quarter. Renaissance Technologies LLC now owns 206,871 shares of the financial services provider’s stock worth $5,883,000 after purchasing an additional 8,000 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Capital City Bank Group by 7.2% in the 2nd quarter. Acadian Asset Management LLC now owns 175,117 shares of the financial services provider’s stock worth $4,978,000 after purchasing an additional 11,742 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Capital City Bank Group by 40.9% in the 2nd quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider’s stock worth $3,201,000 after purchasing an additional 32,671 shares during the last quarter. 44.59% of the stock is currently owned by 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.