Capital City Bank Group, Inc. (NASDAQ:CCBG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) have been assigned an average recommendation of “Hold” from the five analysts that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $35.80.

Several research firms have commented on CCBG. Keefe, Bruyette & Woods raised their target price on shares of Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Piper Sandler lowered shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $30.00 to $34.00 in a research note on Monday, July 29th. Hovde Group upped their target price on Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 24th. Finally, StockNews.com raised Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Thursday.

Insider Buying and Selling

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of Capital City Bank Group stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the completion of the sale, the treasurer now directly owns 140,681 shares in the company, valued at $4,756,424.61. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 19.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Capital City Bank Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its position in Capital City Bank Group by 23.5% during the 1st quarter. BNP Paribas Financial Markets now owns 18,518 shares of the financial services provider’s stock worth $513,000 after acquiring an additional 3,519 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Capital City Bank Group by 9.1% during the 1st quarter. Russell Investments Group Ltd. now owns 95,391 shares of the financial services provider’s stock valued at $2,642,000 after purchasing an additional 7,937 shares during the period. State Board of Administration of Florida Retirement System acquired a new stake in Capital City Bank Group in the 1st quarter valued at approximately $585,000. Acadian Asset Management LLC grew its holdings in Capital City Bank Group by 7.4% in the 1st quarter. Acadian Asset Management LLC now owns 163,375 shares of the financial services provider’s stock valued at $4,524,000 after buying an additional 11,269 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in Capital City Bank Group by 22.3% in the 1st quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock worth $100,000 after buying an additional 662 shares during the period. 44.59% of the stock is currently owned by institutional investors and hedge funds.

Capital City Bank Group Trading Down 0.6 %

Shares of NASDAQ CCBG opened at $38.34 on Friday. Capital City Bank Group has a 12-month low of $25.45 and a 12-month high of $40.08. The company has a market cap of $649.63 million, a price-to-earnings ratio of 12.57 and a beta of 0.53. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The stock’s 50 day simple moving average is $35.32 and its 200 day simple moving average is $31.78.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating 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 firm had revenue of $68.84 million for the quarter, compared to the consensus estimate of $54.40 million.

Capital City Bank Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.40%. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.21. Capital City Bank Group’s dividend payout ratio (DPR) is 30.16%.

About Capital City Bank Group

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.