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

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

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

Capital City Bank Group Stock Performance

Capital City Bank Group stock opened at $46.57 on Friday. The stock’s 50 day moving average price is $44.14 and its 200 day moving average price is $42.90. The firm has a market capitalization of $796.39 million, a PE ratio of 13.19 and a beta of 0.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79. Capital City Bank Group has a one year low of $35.72 and a one year high of $48.78.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Monday, April 20th. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.85 by $0.07. The firm had revenue of $62.75 million for the quarter, compared to analyst estimates of $63.25 million. Capital City Bank Group had a return on equity of 11.10% and a net margin of 21.01%. As a group, sell-side analysts expect that Capital City Bank Group will post 3.69 EPS for the current fiscal year.

Capital City Bank Group Increases Dividend

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

Institutional Investors Weigh In On Capital City Bank Group

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