Capital City Bank Group, Inc. (CCBG) Given Average Recommendation of “Hold” by Brokerages

Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) have been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $27.00.

A number of brokerages have commented on CCBG. BidaskClub raised Capital City Bank Group from a “strong sell” rating to a “sell” rating in a report on Friday, October 5th. Zacks Investment Research downgraded Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 5th. Hovde Group restated a “buy” rating and issued a $29.00 target price on shares of Capital City Bank Group in a research note on Friday, August 3rd. Stephens restated a “hold” rating and issued a $26.00 target price on shares of Capital City Bank Group in a research note on Tuesday, July 31st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $27.00 target price on shares of Capital City Bank Group in a research note on Thursday, July 26th.

In other news, Treasurer Thomas A. Barron sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $23.99, for a total value of $119,950.00. Following the transaction, the treasurer now owns 130,507 shares in the company, valued at approximately $3,130,862.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 24.31% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp boosted its stake in shares of Capital City Bank Group by 5.8% in the 2nd quarter. Northern Trust Corp now owns 144,923 shares of the financial services provider’s stock worth $3,424,000 after buying an additional 7,890 shares during the last quarter. Bank of America Corp DE lifted its stake in Capital City Bank Group by 9.5% in the second quarter. Bank of America Corp DE now owns 226,695 shares of the financial services provider’s stock valued at $5,356,000 after purchasing an additional 19,607 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Capital City Bank Group by 19.0% in the second quarter. Renaissance Technologies LLC now owns 229,517 shares of the financial services provider’s stock valued at $5,423,000 after purchasing an additional 36,718 shares during the last quarter. Teton Advisors Inc. lifted its stake in Capital City Bank Group by 16.2% in the second quarter. Teton Advisors Inc. now owns 95,976 shares of the financial services provider’s stock valued at $2,268,000 after purchasing an additional 13,376 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Capital City Bank Group by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 853,211 shares of the financial services provider’s stock valued at $20,162,000 after purchasing an additional 36,799 shares during the last quarter. Hedge funds and other institutional investors own 37.34% of the company’s stock.

Shares of CCBG opened at $23.11 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $398.08 million, a price-to-earnings ratio of 26.26 and a beta of 0.67. Capital City Bank Group has a 52 week low of $20.22 and a 52 week high of $26.50.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $35.31 million during the quarter, compared to analyst estimates of $35.10 million. Capital City Bank Group had a return on equity of 6.55% and a net margin of 11.38%. Analysts expect that Capital City Bank Group will post 1.15 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, August 31st. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.07. Capital City Bank Group’s payout ratio is presently 40.91%.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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.

See Also: Earnings Per Share

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