Keefe, Bruyette & Woods Issues Positive Forecast for Capital City Bank Group (NASDAQ:CCBG) Stock Price

Capital City Bank Group (NASDAQ:CCBG) had its target price lifted by Keefe, Bruyette & Woods from $43.00 to $44.00 in a report published on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the financial services provider’s stock.

Separately, StockNews.com lowered Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Friday, January 24th.

Capital City Bank Group Trading Down 1.8 %

Shares of CCBG opened at $36.89 on Friday. Capital City Bank Group has a 1-year low of $25.45 and a 1-year high of $40.86. The company has a market capitalization of $624.92 million, a P/E ratio of 11.82 and a beta of 0.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The firm’s 50 day simple moving average is $37.21 and its 200 day simple moving average is $35.55.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.07. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. Sell-side analysts forecast that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a dividend of $0.23 per share. The ex-dividend date was Monday, December 9th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.49%. Capital City Bank Group’s dividend payout ratio (DPR) is 29.49%.

Institutional Investors Weigh In On Capital City Bank Group

Several hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new position in Capital City Bank Group in the third quarter worth about $35,000. Blue Trust Inc. increased its position in shares of Capital City Bank Group by 1,482.3% during the third quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 3,928 shares in the last quarter. SG Americas Securities LLC purchased a new position in Capital City Bank Group in the 3rd quarter worth approximately $184,000. FMR LLC lifted its position in Capital City Bank Group by 48.5% in the 3rd 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. Finally, Integrated Wealth Concepts LLC purchased a new stake in Capital City Bank Group during the 3rd quarter valued at $235,000. 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.