BidaskClub lowered shares of Capital City Bank Group (NASDAQ:CCBG) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

Several other research firms have also weighed in on CCBG. ValuEngine upgraded shares of Capital City Bank Group from a hold rating to a buy rating in a research note on Friday, July 20th. Zacks Investment Research upgraded shares of Capital City Bank Group from a sell rating to a hold rating in a research note on Tuesday, July 24th. Keefe, Bruyette & Woods reiterated a hold rating and set a $27.00 price objective on shares of Capital City Bank Group in a research note on Thursday, July 26th. Stephens reiterated a hold rating and set a $26.00 price objective on shares of Capital City Bank Group in a research note on Tuesday, July 31st. Finally, Hovde Group reiterated a buy rating and set a $29.00 price objective on shares of Capital City Bank Group in a research note on Friday, August 3rd. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $27.00.

Shares of Capital City Bank Group stock opened at $24.01 on Friday. The stock has a market capitalization of $407.97 million, a PE ratio of 27.28 and a beta of 0.64. Capital City Bank Group has a 1 year low of $20.52 and a 1 year high of $26.50. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.22.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $35.31 million for the quarter, compared to analyst estimates of $35.10 million. Capital City Bank Group had a net margin of 11.38% and a return on equity of 6.55%. sell-side analysts forecast that Capital City Bank Group will post 1.15 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th will be paid a dividend of $0.09 per share. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, August 31st. This represents a $0.36 annualized dividend and a yield of 1.50%. Capital City Bank Group’s dividend payout ratio is 40.91%.

In related news, Treasurer Thomas A. Barron sold 5,000 shares of the stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $23.99, for a total transaction of $119,950.00. Following the sale, the treasurer now owns 130,507 shares in the company, valued at $3,130,862.93. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 24.31% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in CCBG. Teton Advisors Inc. acquired a new stake in shares of Capital City Bank Group in the first quarter valued at approximately $2,044,000. Dalton Greiner Hartman Maher & Co. increased its stake in shares of Capital City Bank Group by 70.5% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 96,493 shares of the financial services provider’s stock valued at $2,280,000 after purchasing an additional 39,887 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Capital City Bank Group by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 853,211 shares of the financial services provider’s stock valued at $20,162,000 after purchasing an additional 36,799 shares during the period. Renaissance Technologies LLC increased its stake in shares of Capital City Bank Group by 19.0% in the second quarter. Renaissance Technologies LLC now owns 229,517 shares of the financial services provider’s stock valued at $5,423,000 after purchasing an additional 36,718 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of Capital City Bank Group by 24.3% in the second quarter. IFP Advisors Inc now owns 183,342 shares of the financial services provider’s stock valued at $4,332,000 after purchasing an additional 35,860 shares during the period. Institutional investors own 37.38% of the company’s stock.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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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