Capital City Bank Group (NASDAQ:CCBG) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a sell rating to a hold rating in a report issued on Saturday morning.

A number of other analysts have also weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a research note on Monday, December 29th. Capital One Financial set a $45.00 price target on shares of Capital City Bank Group in a report on Wednesday, January 28th. Keefe, Bruyette & Woods downgraded shares of Capital City Bank Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $47.00 to $45.00 in a research report on Wednesday, January 28th. Finally, Zacks Research lowered shares of Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.00.

Capital City Bank Group Trading Down 1.2%

NASDAQ CCBG opened at $42.85 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $731.45 million, a price-to-earnings ratio of 11.90 and a beta of 0.34. The firm has a 50 day simple moving average of $43.07 and a 200-day simple moving average of $42.36. Capital City Bank Group has a one year low of $32.38 and a one year high of $46.83.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.09). The company had revenue of $63.46 million for the quarter, compared to analysts’ expectations of $64.65 million. Capital City Bank Group had a return on equity of 11.69% and a net margin of 21.47%. Equities research analysts anticipate that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be given a $0.27 dividend. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.5%. Capital City Bank Group’s payout ratio is 28.89%.

Institutional Trading of Capital City Bank Group

A number of hedge funds and other institutional investors have recently made changes to their positions in CCBG. State of Alaska Department of Revenue purchased a new stake in shares of Capital City Bank Group in the 3rd quarter valued at about $28,000. Quarry LP acquired a new position in Capital City Bank Group during the third quarter worth approximately $38,000. CWM LLC lifted its stake in Capital City Bank Group by 140.7% in the third quarter. CWM LLC now owns 2,270 shares of the financial services provider’s stock valued at $95,000 after buying an additional 1,327 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Capital City Bank Group in the third quarter valued at approximately $122,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Capital City Bank Group in the second quarter valued at approximately $150,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.