Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Capital City Bank Group (NASDAQ:CCBG) Stock

Capital City Bank Group (NASDAQ:CCBG) had its price objective boosted by Keefe, Bruyette & Woods from $43.00 to $44.00 in a report published on Friday morning,Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

Separately, StockNews.com lowered shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Friday, January 24th.

Capital City Bank Group Stock Down 1.8 %

CCBG opened at $36.89 on Friday. The stock has a market cap of $624.92 million, a price-to-earnings ratio of 11.82 and a beta of 0.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The firm’s fifty day moving average is $37.21 and its 200 day moving average is $35.55. Capital City Bank Group has a fifty-two week low of $25.45 and a fifty-two week high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. On average, sell-side analysts forecast that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a $0.23 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.49%. Capital City Bank Group’s dividend payout ratio is currently 29.49%.

Institutional Trading of Capital City Bank Group

A number of large investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Capital City Bank Group during the 3rd quarter valued at approximately $35,000. Blue Trust Inc. lifted its position in Capital City Bank Group by 1,482.3% during the third quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 3,928 shares during the last quarter. SG Americas Securities LLC bought a new position in Capital City Bank Group during the third quarter valued at $184,000. FMR LLC grew its stake in shares of Capital City Bank Group by 48.5% in the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock worth $234,000 after buying an additional 2,164 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Capital City Bank Group in the 3rd quarter worth about $235,000. 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.