Capital City Bank Group (NASDAQ:CCBG) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a hold rating to a buy rating in a research note issued to investors on Monday.

Separately, Keefe, Bruyette & Woods boosted their price target on Capital City Bank Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Capital City Bank Group presently has an average rating of “Moderate Buy” and an average target price of $37.88.

Capital City Bank Group Price Performance

Shares of CCBG stock opened at $34.85 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The stock has a market cap of $590.50 million, a price-to-earnings ratio of 11.43 and a beta of 0.56. The business’s fifty day moving average is $37.81 and its 200 day moving average is $34.64. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.01. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%. The company had revenue of $68.84 million during the quarter, compared to analyst estimates of $54.40 million. Research analysts expect that Capital City Bank Group will post 3.05 EPS for the current fiscal year.

Capital City Bank Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend was Monday, December 9th. Capital City Bank Group’s dividend payout ratio (DPR) is 30.16%.

Institutional Trading of Capital City Bank Group

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in Capital City Bank Group by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 867,642 shares of the financial services provider’s stock valued at $24,675,000 after purchasing an additional 4,606 shares during the period. State Street Corp raised its stake in Capital City Bank Group by 1.8% during the 3rd quarter. State Street Corp now owns 341,426 shares of the financial services provider’s stock valued at $12,049,000 after buying an additional 5,980 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Capital City Bank Group by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 320,479 shares of the financial services provider’s stock valued at $11,312,000 after buying an additional 7,773 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Capital City Bank Group by 4.0% in the 2nd quarter. Renaissance Technologies LLC now owns 206,871 shares of the financial services provider’s stock worth $5,883,000 after buying an additional 8,000 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Capital City Bank Group by 7.2% in the second quarter. Acadian Asset Management LLC now owns 175,117 shares of the financial services provider’s stock worth $4,978,000 after acquiring an additional 11,742 shares during the period. 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 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.