Capital City Bank Group (NASDAQ:CCBG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Several other analysts have also recently weighed in on CCBG. Brean Capital cut shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a report on Wednesday, June 24th. Keefe, Bruyette & Woods lifted their price objective on shares of Capital City Bank Group from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 22nd. Finally, Capital One Financial set a $49.50 target price on shares of Capital City Bank Group in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Capital City Bank Group has a consensus rating of “Hold” and an average price target of $51.75.

Capital City Bank Group Price Performance

Shares of NASDAQ CCBG opened at $52.07 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $890.40 million, a price-to-earnings ratio of 14.46 and a beta of 0.31. The stock’s 50-day moving average is $47.96 and its two-hundred day moving average is $45.42. Capital City Bank Group has a 1-year low of $38.00 and a 1-year high of $52.49.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. Capital City Bank Group had a return on equity of 11.20% and a net margin of 21.37%.The business had revenue of $64.80 million during the quarter, compared to analysts’ expectations of $64.25 million. Analysts forecast that Capital City Bank Group will post 3.69 EPS for the current fiscal year.

Capital City Bank Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.27 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.08 annualized dividend and a dividend yield of 2.1%. Capital City Bank Group’s dividend payout ratio is presently 30.00%.

Institutional Investors Weigh In On Capital City Bank Group

Several hedge funds and other institutional investors have recently bought and sold shares of CCBG. AQR Capital Management LLC lifted its position in Capital City Bank Group by 24.1% in the first quarter. AQR Capital Management LLC now owns 12,177 shares of the financial services provider’s stock valued at $438,000 after acquiring an additional 2,362 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Capital City Bank Group by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 327 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Capital City Bank Group by 8.1% during the first quarter. Empowered Funds LLC now owns 28,079 shares of the financial services provider’s stock worth $1,010,000 after purchasing an additional 2,115 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Capital City Bank Group during the first quarter worth about $555,000. Finally, Rhumbline Advisers increased its position in shares of Capital City Bank Group by 4.7% during the second quarter. Rhumbline Advisers now owns 21,994 shares of the financial services provider’s stock worth $865,000 after purchasing an additional 982 shares in the last quarter. 44.59% of the stock is currently owned by institutional investors and hedge funds.

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.