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

Capital City Bank Group, Inc. (NASDAQ:CCBG) has been given an average recommendation of “Hold” by the five research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $35.80.

CCBG has been the subject of a number of analyst reports. Piper Sandler downgraded Capital City Bank Group from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $30.00 to $34.00 in a research note on Monday, July 29th. StockNews.com raised Capital City Bank Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th.

Insider Activity at Capital City Bank Group

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

Hedge Funds Weigh In On Capital City Bank Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Princeton Capital Management LLC raised its position in Capital City Bank Group by 7.0% in the third quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 500 shares during the period. Lazard Asset Management LLC increased its stake 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 purchasing an additional 662 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Capital City Bank Group by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 24,809 shares of the financial services provider’s stock worth $876,000 after purchasing an additional 1,206 shares during the period. Rhumbline Advisers lifted its stake in Capital City Bank Group by 6.5% in the second 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 last quarter. Finally, Isthmus Partners LLC grew its holdings in Capital City Bank Group by 1.3% during the second quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 1,346 shares during the period. 44.59% of the stock is owned by hedge funds and other institutional investors.

Capital City Bank Group Price Performance

Shares of NASDAQ:CCBG opened at $39.12 on Friday. The stock’s 50 day moving average is $35.79 and its 200-day moving average is $32.21. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $40.08. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $662.69 million, a price-to-earnings ratio of 12.83 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data 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. The firm had revenue of $68.84 million for the quarter, compared to analyst estimates of $54.40 million. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%. Sell-side analysts forecast that Capital City Bank Group will post 3.05 EPS for the current fiscal year.

Capital City Bank Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Monday, December 9th. Capital City Bank Group’s dividend payout ratio is presently 30.16%.

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.