Capital City Bank Group (NASDAQ:CCBG) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Capital City Bank Group (NASDAQ:CCBG) from a hold rating to a sell rating in a report published on Saturday,Wall Street Zen reports.

Several other equities research analysts have also recently commented on the company. Keefe, Bruyette & Woods increased their price target on Capital City Bank Group from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded Capital City Bank Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Capital City Bank Group presently has a consensus rating of “Hold” and a consensus target price of $51.75.

Capital City Bank Group Stock Up 0.6%

Shares of NASDAQ CCBG opened at $48.39 on Friday. The stock has a market cap of $828.10 million, a PE ratio of 13.44 and a beta of 0.36. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.06. Capital City Bank Group has a 12-month low of $38.27 and a 12-month high of $53.60. The company has a 50-day moving average of $50.60 and a 200 day moving average of $48.44.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The business had revenue of $64.80 million for the quarter, compared to analyst estimates of $64.25 million. Capital City Bank Group had a net margin of 21.37% and a return on equity of 11.11%. As a group, sell-side analysts predict that Capital City Bank Group will post 3.69 EPS for the current fiscal year.

Capital City Bank Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, September 8th. Capital City Bank Group’s dividend payout ratio (DPR) is presently 30.00%.

Hedge Funds Weigh In On Capital City Bank Group

A number of institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in Capital City Bank Group during the second quarter worth $65,000. Globeflex Capital L P acquired a new position in shares of Capital City Bank Group in the 2nd quarter valued at $144,000. The Manufacturers Life Insurance Company acquired a new position in shares of Capital City Bank Group in the 2nd quarter valued at $208,000. Public Employees Retirement System of Ohio acquired a new position in shares of Capital City Bank Group in the 2nd quarter valued at $208,000. Finally, Cim Investment Management Inc. purchased a new position in shares of Capital City Bank Group during the 2nd quarter worth $236,000. 44.59% of the stock is owned by hedge funds and other institutional investors.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a bank holding company headquartered in Tallahassee, Florida. Through its subsidiary, Capital City Bank, the company provides financial services to consumers, businesses, and institutions in North Florida and parts of Central Florida and Georgia.

Capital City Bank offers deposit products, checking and savings accounts, residential and commercial loans, mortgages, consumer financing, and other lending services. Its banking platform also includes online and mobile banking, treasury management, payment services, and other tools designed to support personal and business customers.

The company provides additional financial services through wealth management, trust, investment, and brokerage offerings.