Capital City Bank Group (NASDAQ:CCBG) Given New $30.00 Price Target at Piper Sandler

Capital City Bank Group (NASDAQ:CCBG) had its price objective trimmed by Piper Sandler from $34.00 to $30.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

A number of other research firms also recently issued reports on CCBG. Keefe, Bruyette & Woods cut their target price on shares of Capital City Bank Group from $38.00 to $37.00 and set an outperform rating for the company in a research report on Tuesday. Janney Montgomery Scott upgraded shares of Capital City Bank Group from a neutral rating to a buy rating and set a $37.50 target price for the company in a research report on Wednesday, January 24th. Finally, DA Davidson cut their target price on shares of Capital City Bank Group from $34.00 to $32.50 and set a neutral rating for the company in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $34.25.

Capital City Bank Group Stock Down 0.8 %

Shares of NASDAQ:CCBG opened at $27.02 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $457.72 million, a PE ratio of 8.80 and a beta of 0.53. Capital City Bank Group has a 52 week low of $25.57 and a 52 week high of $34.16. The firm has a 50 day simple moving average of $27.40 and a 200 day simple moving average of $28.28.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.70 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.02). Capital City Bank Group had a net margin of 19.86% and a return on equity of 12.26%. The firm had revenue of $63.34 million during the quarter, compared to analysts’ expectations of $56.50 million. As a group, research analysts expect that Capital City Bank Group will post 2.83 earnings per share for the current year.

Capital City Bank Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.11%. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.20. Capital City Bank Group’s dividend payout ratio (DPR) is currently 27.36%.

Insider Activity

In other Capital City Bank Group news, Director Marshall M. Criser III purchased 1,300 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were acquired at an average price of $28.19 per share, for a total transaction of $36,647.00. Following the acquisition, the director now owns 15,200 shares of the company’s stock, valued at $428,488. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 19.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CCBG. DekaBank Deutsche Girozentrale acquired a new position in Capital City Bank Group in the 3rd quarter valued at $113,000. SG Americas Securities LLC acquired a new position in Capital City Bank Group in the 3rd quarter valued at $145,000. Los Angeles Capital Management LLC acquired a new stake in Capital City Bank Group in the 4th quarter worth $272,000. BNP Paribas Financial Markets grew its position in Capital City Bank Group by 30.5% in the 4th quarter. BNP Paribas Financial Markets now owns 14,999 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 3,504 shares during the last quarter. Finally, Swiss National Bank grew its position in Capital City Bank Group by 2.4% in the 3rd quarter. Swiss National Bank now owns 30,000 shares of the financial services provider’s stock worth $895,000 after purchasing an additional 700 shares during 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.