Capital City Bank Group, Inc. (NASDAQ:CCBG) Treasurer Thomas A. Barron Sells 3,000 Shares

Capital City Bank Group, Inc. (NASDAQ:CCBG) Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the sale, the treasurer now owns 140,681 shares of the company’s stock, valued at $4,756,424.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Capital City Bank Group Price Performance

Capital City Bank Group stock opened at $33.55 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $32.65 and a 200 day moving average price of $29.18. Capital City Bank Group, Inc. has a 12-month low of $25.45 and a 12-month high of $36.49. The stock has a market cap of $568.34 million, a P/E ratio of 10.93 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.83 earnings per share (EPS) 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 11.67%.

Capital City Bank Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 9th will be paid a dividend of $0.23 per share. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, September 9th. This represents a $0.92 annualized dividend and a yield of 2.74%. Capital City Bank Group’s dividend payout ratio (DPR) is 29.97%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CCBG shares. Piper Sandler cut shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $30.00 to $34.00 in a research note on Monday, July 29th. Hovde Group boosted their target price on 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. Finally, Keefe, Bruyette & Woods increased their price target on Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $35.80.

Hedge Funds Weigh In On Capital City Bank Group

Several large investors have recently modified their holdings of CCBG. Isthmus Partners LLC lifted its holdings in shares of Capital City Bank Group by 1.3% in the 2nd quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,346 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Capital City Bank Group by 22.3% during the first quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 662 shares in the last quarter. Princeton Capital Management LLC acquired a new position in Capital City Bank Group during the second quarter worth $204,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Capital City Bank Group in the second quarter valued at $211,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Capital City Bank Group in the 1st quarter valued at $284,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

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.