Capital City Bank Group (NASDAQ:CCBG) Price Target Cut to $30.00 by Analysts at Piper Sandler

Capital City Bank Group (NASDAQ:CCBG) had its price target lowered by Piper Sandler from $34.00 to $30.00 in a research report report published on Tuesday, Benzinga reports. Piper Sandler currently has an overweight rating on the financial services provider’s stock.

A number of other equities analysts have also commented on the company. Janney Montgomery Scott upgraded Capital City Bank Group from a neutral rating to a buy rating and set a $37.50 price objective on the stock in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods lowered their price objective on Capital City Bank Group from $38.00 to $37.00 and set an outperform rating on the stock in a research note on Tuesday. Finally, DA Davidson lowered their price objective on Capital City Bank Group from $34.00 to $32.50 and set a neutral rating on the stock in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $34.25.

Capital City Bank Group Price Performance

Shares of NASDAQ CCBG opened at $27.24 on Tuesday. The firm has a market cap of $461.45 million, a P/E ratio of 8.87 and a beta of 0.53. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.12. Capital City Bank Group has a 1-year low of $25.57 and a 1-year high of $34.16. The business’s 50 day moving average is $27.44 and its 200-day moving average is $28.30.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, January 23rd. The financial services provider reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). The firm had revenue of $63.34 million for the quarter, compared to the consensus estimate of $56.50 million. Capital City Bank Group had a return on equity of 12.26% and a net margin of 19.86%. Equities research analysts predict that Capital City Bank Group will post 2.85 earnings per share for the current year.

Capital City Bank Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were paid a $0.21 dividend. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 8th. This represents a $0.84 annualized dividend and a dividend yield of 3.08%. Capital City Bank Group’s dividend payout ratio (DPR) is presently 27.36%.

Insider Activity

In other Capital City Bank Group news, Director Marshall M. Criser III purchased 1,300 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were bought at an average price of $28.19 per share, for a total transaction of $36,647.00. Following the purchase, the director now owns 15,200 shares in the company, valued at approximately $428,488. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 19.40% of the company’s stock.

Hedge Funds Weigh In On Capital City Bank Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of Capital City Bank Group by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 850,987 shares of the financial services provider’s stock valued at $25,046,000 after purchasing an additional 8,266 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Capital City Bank Group by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 700,918 shares of the financial services provider’s stock valued at $20,908,000 after acquiring an additional 9,449 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Capital City Bank Group by 3.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 90,974 shares of the financial services provider’s stock valued at $2,714,000 after acquiring an additional 3,403 shares in the last quarter. Thomasville National Bank boosted its holdings in shares of Capital City Bank Group by 17.8% during the 1st quarter. Thomasville National Bank now owns 82,704 shares of the financial services provider’s stock valued at $2,291,000 after acquiring an additional 12,500 shares in the last quarter. Finally, Isthmus Partners LLC boosted its holdings in shares of Capital City Bank Group by 4.2% during the 4th quarter. Isthmus Partners LLC now owns 71,586 shares of the financial services provider’s stock valued at $2,107,000 after acquiring an additional 2,853 shares in the last quarter. Institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking- related services to individual and corporate clients. The company 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.