Capital City Bank Group (NASDAQ:CCBG) Upgraded at StockNews.com

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

Other research analysts have also issued reports about the company. Hovde Group increased their price objective on Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods raised their price objective on shares of Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Piper Sandler lowered Capital City Bank Group from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $30.00 to $34.00 in a research report on Monday, July 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.80.

Capital City Bank Group Stock Performance

Shares of NASDAQ:CCBG traded down $0.55 during trading on Thursday, hitting $38.03. 11,969 shares of the stock were exchanged, compared to its average volume of 31,628. The company has a market capitalization of $644.23 million, a price-to-earnings ratio of 12.74 and a beta of 0.53. Capital City Bank Group has a 1-year low of $25.45 and a 1-year high of $40.08. The company’s fifty day simple moving average is $35.23 and its 200-day simple moving average is $31.70. 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 posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $68.84 million for the quarter, compared to analysts’ expectations of $54.40 million.

Capital City Bank Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were paid a dividend of $0.23 per share. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, September 9th. This represents a $0.92 annualized dividend and a yield of 2.42%. Capital City Bank Group’s dividend payout ratio (DPR) is presently 30.16%.

Insiders Place Their Bets

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the sale, the treasurer now directly owns 140,681 shares in the company, valued at approximately $4,756,424.61. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 19.40% of the company’s stock.

Institutional Trading of Capital City Bank Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its stake in shares of 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 period. Russell Investments Group Ltd. grew its stake in Capital City Bank Group by 9.1% during the first quarter. Russell Investments Group Ltd. now owns 95,391 shares of the financial services provider’s stock worth $2,642,000 after buying an additional 7,937 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new position in shares of Capital City Bank Group in the 1st quarter valued at approximately $585,000. Acadian Asset Management LLC lifted its holdings in shares of Capital City Bank Group by 7.4% during the 1st quarter. Acadian Asset Management LLC now owns 163,375 shares of the financial services provider’s stock worth $4,524,000 after acquiring an additional 11,269 shares during the period. Finally, Lazard Asset Management LLC boosted its position in shares of Capital City Bank Group by 22.3% during the 1st quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 662 shares in the last quarter. 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.