Capital City Bank Group (NASDAQ:CCBG) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a buy rating to a hold rating in a research report released on Wednesday morning.

Separately, Keefe, Bruyette & Woods raised their target price on Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.80.

Capital City Bank Group Stock Down 1.2 %

Shares of NASDAQ CCBG opened at $36.62 on Wednesday. The stock has a market capitalization of $620.49 million, a P/E ratio of 12.01 and a beta of 0.56. The stock’s fifty day moving average is $37.67 and its 200 day moving average is $34.10. 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.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 EPS 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 analyst estimates of $54.40 million. Sell-side analysts forecast that Capital City Bank Group will post 3.05 earnings per share for the current fiscal year.

Capital City Bank Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a dividend of $0.23 per share. 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 2.51%. Capital City Bank Group’s payout ratio is presently 30.16%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Princeton Capital Management LLC boosted its holdings in shares of Capital City Bank Group by 7.0% during the 3rd quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider’s stock valued at $271,000 after acquiring an additional 500 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Capital City Bank Group in the third quarter valued at about $35,000. Empowered Funds LLC boosted its stake in shares of Capital City Bank Group by 5.1% during the third quarter. Empowered Funds LLC now owns 24,809 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 1,206 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Capital City Bank Group by 6.5% during the second quarter. Rhumbline Advisers now owns 21,602 shares of the financial services provider’s stock worth $614,000 after purchasing an additional 1,316 shares during the last quarter. Finally, Isthmus Partners LLC increased its stake in shares of Capital City Bank Group by 1.3% in the second quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock valued at $31,000 after buying an additional 1,346 shares during the period. 44.59% of the stock is currently owned by institutional investors and hedge funds.

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.