Capital City Bank Group, Inc. (NASDAQ:CCBG) Receives Average Rating of “Hold” from Brokerages

Shares of Capital City Bank Group, Inc. (NASDAQ:CCBGGet Free Report) have earned a consensus rating of “Hold” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $36.80.

A number of research firms have recently commented on CCBG. StockNews.com upgraded Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Tuesday. Keefe, Bruyette & Woods boosted their target price on shares of Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th.

Get Our Latest Analysis on Capital City Bank Group

Hedge Funds Weigh In On Capital City Bank Group

A number of hedge funds have recently bought and sold shares of CCBG. Wellington Management Group LLP purchased a new position in Capital City Bank Group in the third quarter worth about $5,673,000. American Century Companies Inc. raised its position in 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 buying an additional 32,671 shares during the last quarter. Barclays PLC lifted its stake in Capital City Bank Group by 46.8% during the 3rd quarter. Barclays PLC now owns 53,402 shares of the financial services provider’s stock valued at $1,883,000 after acquiring an additional 17,022 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Capital City Bank Group by 7.2% during the 2nd quarter. Acadian Asset Management LLC now owns 175,117 shares of the financial services provider’s stock valued at $4,978,000 after acquiring an additional 11,742 shares during the last quarter. Finally, Inspire Investing LLC bought a new stake in shares of Capital City Bank Group in the third quarter worth approximately $414,000. Institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Stock Down 6.5 %

Shares of Capital City Bank Group stock opened at $36.48 on Thursday. The company’s fifty day simple moving average is $37.45 and its two-hundred day simple moving average is $33.67. Capital City Bank Group has a 12-month low of $25.45 and a 12-month high of $40.86. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The company has a market cap of $618.12 million, a P/E ratio of 11.96 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBGGet Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The company had revenue of $68.84 million during the quarter, compared to the consensus estimate of $54.40 million. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%. Research analysts anticipate that Capital City Bank Group will post 3.05 EPS for the current year.

Capital City Bank Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.52%. Capital City Bank Group’s dividend payout ratio is currently 30.16%.

About Capital City Bank Group

(Get Free Report

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.

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Analyst Recommendations for Capital City Bank Group (NASDAQ:CCBG)

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