Capital City Bank Group (NASDAQ:CCBG) Downgraded to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a strong-buy rating to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

A number of other equities analysts have also weighed in on CCBG. Keefe, Bruyette & Woods lowered shares of Capital City Bank Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $47.00 to $45.00 in a report on Wednesday. Capital One Financial set a $45.00 price target on shares of Capital City Bank Group in a research report on Wednesday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $45.00.

Capital City Bank Group Price Performance

Shares of Capital City Bank Group stock opened at $41.42 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.08. The company’s fifty day simple moving average is $43.17 and its two-hundred day simple moving average is $41.97. The firm has a market cap of $707.04 million, a PE ratio of 11.51 and a beta of 0.36. Capital City Bank Group has a 12-month low of $32.38 and a 12-month high of $46.83.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.09). Capital City Bank Group had a return on equity of 11.69% and a net margin of 21.47%.The company had revenue of $63.46 million during the quarter, compared to the consensus estimate of $64.65 million. As a group, equities analysts expect that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.04 dividend on an annualized basis and a yield of 2.5%. Capital City Bank Group’s dividend payout ratio is 28.89%.

Institutional Investors Weigh In On Capital City Bank Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in shares of Capital City Bank Group in the 3rd quarter valued at $28,000. Quarry LP acquired a new stake in Capital City Bank Group in the third quarter valued at approximately $38,000. CWM LLC increased its holdings in Capital City Bank Group by 140.7% in the 3rd quarter. CWM LLC now owns 2,270 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 1,327 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Capital City Bank Group during the 3rd quarter worth about $122,000. Finally, Raymond James Financial Inc. purchased a new stake in Capital City Bank Group during the 2nd quarter worth approximately $150,000. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.