Analysts Set Capital City Bank Group, Inc. (NASDAQ:CCBG) Target Price at $35.80

Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) have earned a consensus rating of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $35.80.

A number of brokerages recently issued reports on CCBG. Hovde Group lifted their price target on shares of Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 24th. Piper Sandler lowered shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $30.00 to $34.00 in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th.

Capital City Bank Group Trading Up 1.6 %

CCBG opened at $34.91 on Thursday. The firm has a market capitalization of $591.48 million, a P/E ratio of 11.37 and a beta of 0.53. The firm’s 50 day moving average is $32.96 and its 200-day moving average is $29.29. Capital City Bank Group has a 52-week low of $25.45 and a 52-week high of $36.49. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.12.

Capital City Bank Group (NASDAQ:CCBG) last issued 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 analyst estimates 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 company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 9th will be issued a dividend of $0.23 per share. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.92 annualized dividend and a dividend yield of 2.64%. Capital City Bank Group’s payout ratio is 29.97%.

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. In related news, Treasurer Thomas A. Barron sold 8,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $35.26, for a total value of $282,080.00. Following the completion of the sale, the treasurer now owns 143,681 shares of the company’s stock, valued at $5,066,192.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Thomas A. Barron sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was 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 directly owns 140,681 shares of the company’s stock, valued at approximately $4,756,424.61. The disclosure for this sale can be found here. Corporate insiders own 19.40% of the company’s stock.

Institutional Investors Weigh In On Capital City Bank Group

Institutional investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System bought a new stake in shares of Capital City Bank Group during the 1st quarter worth $585,000. BNP Paribas Financial Markets increased its stake in Capital City Bank Group by 30.5% in the 4th quarter. BNP Paribas Financial Markets now owns 14,999 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 3,504 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in Capital City Bank Group by 2.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 78,097 shares of the financial services provider’s stock worth $2,221,000 after buying an additional 2,093 shares during the period. Boston Partners lifted its stake in 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 buying an additional 2,099 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Capital City Bank Group by 7.4% in the first quarter. Acadian Asset Management LLC now owns 163,375 shares of the financial services provider’s stock worth $4,524,000 after buying an additional 11,269 shares during the period. Institutional investors and hedge funds 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.