Capital City Bank Group (NASDAQ:CCBG) Upgraded at StockNews.com

StockNews.com upgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a hold rating to a buy rating in a report issued on Monday morning.

Separately, Keefe, Bruyette & Woods lifted their price target on Capital City Bank Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Capital City Bank Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.88.

Capital City Bank Group Price Performance

Shares of Capital City Bank Group stock opened at $34.85 on Monday. The stock has a market capitalization of $590.50 million, a price-to-earnings ratio of 11.43 and a beta of 0.56. The company has a fifty day moving average of $37.81 and a 200-day moving average of $34.64. Capital City Bank Group has a 52-week low of $25.45 and a 52-week high of $40.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. The business had revenue of $68.84 million during the quarter, compared to analyst estimates of $54.40 million. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%. Equities research analysts expect that Capital City Bank Group will post 3.05 EPS for the current year.

Capital City Bank Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.92 annualized dividend and a dividend yield of 2.64%. Capital City Bank Group’s payout ratio is presently 30.16%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. American Century Companies Inc. grew its position in shares of Capital City Bank Group by 40.9% in the 2nd quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider’s stock worth $3,201,000 after buying an additional 32,671 shares during the last quarter. FMR LLC boosted its holdings in Capital City Bank Group by 48.5% in the third quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 2,164 shares in the last quarter. Barclays PLC increased its position in Capital City Bank Group by 46.8% during the 3rd quarter. Barclays PLC now owns 53,402 shares of the financial services provider’s stock valued at $1,883,000 after purchasing an additional 17,022 shares during the period. State Street Corp raised its holdings in Capital City Bank Group by 1.8% in the 3rd quarter. State Street Corp now owns 341,426 shares of the financial services provider’s stock worth $12,049,000 after purchasing an additional 5,980 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Capital City Bank Group by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 320,479 shares of the financial services provider’s stock worth $11,312,000 after purchasing an additional 7,773 shares during the period. Hedge funds and other institutional investors 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.