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

Capital City Bank Group, Inc. (NASDAQ:CCBG) has been given a consensus rating of “Hold” by the five ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $36.80.

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com cut Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Monday, December 2nd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of Capital City Bank Group by 9.9% during the second quarter. Bank of New York Mellon Corp now owns 65,048 shares of the financial services provider’s stock worth $1,850,000 after acquiring an additional 5,878 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Capital City Bank Group during the 2nd quarter worth about $211,000. Panagora Asset Management Inc. raised its holdings in Capital City Bank Group by 2.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 78,097 shares of the financial services provider’s stock worth $2,221,000 after purchasing an additional 2,093 shares during the last quarter. Rhumbline Advisers lifted its position in Capital City Bank Group by 6.5% during the 2nd quarter. Rhumbline Advisers now owns 21,602 shares of the financial services provider’s stock valued at $614,000 after purchasing an additional 1,316 shares during the period. Finally, Princeton Capital Management LLC bought a new position in shares of Capital City Bank Group in the 2nd quarter valued at about $204,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

Capital City Bank Group Stock Up 1.4 %

Shares of NASDAQ CCBG opened at $39.40 on Thursday. Capital City Bank Group has a 52-week low of $25.45 and a 52-week high of $40.86. 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 business has a fifty day moving average of $37.29 and a two-hundred day moving average of $33.57. The stock has a market cap of $667.59 million, a PE ratio of 12.92 and a beta of 0.56.

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

Capital City Bank Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Monday, December 9th. Capital City Bank Group’s dividend payout ratio is presently 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.