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 report released on Saturday morning,Wall Street Zen reports.

CCBG has been the topic of several other reports. Weiss Ratings raised Capital City Bank Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Keefe, Bruyette & Woods raised their price objective on 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. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Capital City Bank Group currently has an average rating of “Hold” and an average target price of $51.75.

Capital City Bank Group Stock Performance

CCBG opened at $50.90 on Friday. The business has a 50 day moving average price of $50.08 and a two-hundred day moving average price of $47.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.78. The company has a market capitalization of $870.90 million, a price-to-earnings ratio of 13.81 and a beta of 0.36. Capital City Bank Group has a 1-year low of $38.55 and a 1-year high of $53.60.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.05. The company had revenue of $64.39 million during the quarter, compared to analyst estimates of $65.50 million. Capital City Bank Group had a net margin of 21.85% and a return on equity of 11.18%. Research analysts predict that Capital City Bank Group will post 3.69 EPS for the current fiscal year.

Capital City Bank Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 8th. Capital City Bank Group’s dividend payout ratio (DPR) is presently 29.51%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its holdings in shares of Capital City Bank Group by 42.1% during the third quarter. Nisa Investment Advisors LLC now owns 760 shares of the financial services provider’s stock worth $37,000 after buying an additional 225 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Capital City Bank Group in the second quarter worth $65,000. Globeflex Capital L P acquired a new stake in shares of Capital City Bank Group in the second quarter worth $144,000. The Manufacturers Life Insurance Company bought a new position in Capital City Bank Group during the second quarter worth $208,000. Finally, Public Employees Retirement System of Ohio bought a new position in Capital City Bank Group during the second quarter worth $208,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a financial holding company headquartered in Tallahassee, Florida. Through its principal subsidiary, Capital City Bank, the company provides banking and financial services to individuals, businesses, and public-sector organizations.

Its offerings include consumer and commercial deposit accounts, business and personal lending, mortgage services, cash-management solutions, online and mobile banking, and wealth-management services. The company also provides trust and investment services through its banking operations.

Founded in 1895, Capital City Bank Group has developed a community-banking network serving markets in North Florida and Georgia, including the Tallahassee area.