Capital City Bank Group, Inc. (NASDAQ:CCBG) Receives Consensus Recommendation of “Hold” from Brokerages

Capital City Bank Group, Inc. (NASDAQ:CCBG) has been given a consensus recommendation of “Hold” by the five brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $35.80.

CCBG has been the subject of a number of research reports. Hovde Group lifted their price objective on shares of Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods lifted their price objective on shares of Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Piper Sandler downgraded shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $30.00 to $34.00 in a report on Monday, July 29th.

Insider Activity

In other news, Treasurer Thomas A. Barron sold 8,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $35.26, for a total transaction of $282,080.00. Following the completion of the transaction, the treasurer now owns 143,681 shares of the company’s stock, valued at $5,066,192.06. The sale was disclosed in a filing with the SEC, which is accessible 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 company. State Board of Administration of Florida Retirement System bought a new stake in shares of Capital City Bank Group during the first quarter valued at about $585,000. BNP Paribas Financial Markets raised its stake in shares of Capital City Bank Group by 30.5% during the fourth quarter. BNP Paribas Financial Markets now owns 14,999 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 3,504 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Capital City Bank Group during the fourth quarter valued at about $272,000. Acadian Asset Management LLC raised its stake in shares of Capital City Bank Group by 7.4% during the first quarter. Acadian Asset Management LLC now owns 163,375 shares of the financial services provider’s stock valued at $4,524,000 after purchasing an additional 11,269 shares in the last quarter. Finally, Boston Partners raised its stake in shares of Capital City Bank Group by 12.9% during the first quarter. Boston Partners now owns 18,365 shares of the financial services provider’s stock valued at $509,000 after purchasing an additional 2,099 shares in the last quarter. Institutional investors and hedge funds own 44.59% of the company’s stock.

Capital City Bank Group Stock Up 4.6 %

CCBG stock opened at $34.04 on Friday. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $36.49. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $576.74 million, a P/E ratio of 11.09 and a beta of 0.55. The firm has a 50 day simple moving average of $30.79 and a 200-day simple moving average of $28.62.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. The business had revenue of $58.88 million during the quarter, compared to the consensus estimate of $55.15 million. Capital City Bank Group had a net margin of 19.67% and a return on equity of 11.84%. On average, equities research analysts predict that Capital City Bank Group will post 2.99 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Monday, June 10th. Capital City Bank Group’s dividend payout ratio (DPR) is 27.36%.

About Capital City Bank Group

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.