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

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

Several other research firms have also issued reports on CCBG. Keefe, Bruyette & Woods raised their price target on shares of Capital City Bank Group from $45.00 to $50.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 21st. Capital One Financial set a $49.50 price target on shares of Capital City Bank Group in a research report on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a research report on Friday, March 27th. Brean Capital lowered shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 21st. Finally, Zacks Research lowered shares of Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $49.75.

Capital City Bank Group Stock Performance

Shares of CCBG opened at $46.15 on Friday. The company has a market capitalization of $791.56 million, a PE ratio of 13.07 and a beta of 0.30. Capital City Bank Group has a one year low of $34.83 and a one year high of $48.78. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.82. The company’s fifty day moving average price is $43.82 and its 200 day moving average price is $42.76.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Monday, April 20th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. The company had revenue of $62.75 million for the quarter, compared to analyst estimates of $63.25 million. Capital City Bank Group had a net margin of 21.01% and a return on equity of 11.21%. As a group, analysts expect that Capital City Bank Group will post 3.69 earnings per share for the current year.

Capital City Bank Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were given a dividend of $0.27 per share. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, March 9th. This represents a $1.08 annualized dividend and a dividend yield of 2.3%. Capital City Bank Group’s dividend payout ratio (DPR) is presently 30.59%.

Hedge Funds Weigh In On Capital City Bank Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCBG. Bank of America Corp DE boosted its position in Capital City Bank Group by 997.3% in the third quarter. Bank of America Corp DE now owns 192,495 shares of the financial services provider’s stock valued at $8,044,000 after buying an additional 174,953 shares in the last quarter. Wellington Management Group LLP boosted its position in Capital City Bank Group by 32.4% in the fourth quarter. Wellington Management Group LLP now owns 547,871 shares of the financial services provider’s stock valued at $23,323,000 after buying an additional 133,923 shares in the last quarter. Teton Advisors LLC acquired a new position in Capital City Bank Group in the third quarter valued at about $2,988,000. Millennium Management LLC boosted its position in Capital City Bank Group by 667.3% in the third quarter. Millennium Management LLC now owns 44,541 shares of the financial services provider’s stock valued at $1,861,000 after buying an additional 38,736 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Capital City Bank Group by 45.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 86,575 shares of the financial services provider’s stock valued at $3,685,000 after buying an additional 26,999 shares in the last quarter. 44.59% of the stock is currently owned by institutional investors and hedge funds.

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.