Capital City Bank Group, Inc. (NASDAQ:CCBG) Receives $35.80 Average PT from Brokerages

Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) have been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $35.80.

CCBG has been the topic of a number of recent analyst reports. Hovde Group lifted 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. Piper Sandler lowered Capital City Bank Group from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $30.00 to $34.00 in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods lifted their price objective on Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th.

Insider Activity

In other news, Treasurer Thomas A. Barron sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $35.26, for a total transaction of $282,080.00. Following the completion of the sale, the treasurer now owns 143,681 shares in the company, valued at $5,066,192.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Treasurer Thomas A. Barron sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $35.26, for a total transaction of $282,080.00. Following the completion of the sale, the treasurer now owns 143,681 shares in the company, valued at $5,066,192.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 sale, the treasurer now owns 140,681 shares of the company’s stock, valued at approximately $4,756,424.61. The disclosure for this sale can be found here. Corporate insiders own 19.40% of the company’s stock.

Institutional Investors Weigh In On Capital City Bank Group

Institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC grew its holdings in Capital City Bank Group by 22.3% during the first quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock worth $100,000 after buying an additional 662 shares in the last quarter. Princeton Capital Management LLC purchased a new position in Capital City Bank Group in the second quarter worth $204,000. Allspring Global Investments Holdings LLC purchased a new position in Capital City Bank Group in the second quarter worth $211,000. Janus Henderson Group PLC purchased a new position in Capital City Bank Group in the first quarter worth $284,000. Finally, Los Angeles Capital Management LLC boosted its position in Capital City Bank Group by 16.0% in the first quarter. Los Angeles Capital Management LLC now owns 10,710 shares of the financial services provider’s stock worth $297,000 after purchasing an additional 1,480 shares during the last quarter. Institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Stock Performance

Shares of CCBG stock opened at $34.90 on Thursday. The business’s 50-day moving average price is $33.26 and its 200-day moving average price is $29.38. Capital City Bank Group has a 12 month low of $25.45 and a 12 month high of $36.49. The firm has a market capitalization of $591.31 million, a price-to-earnings ratio of 11.37 and a beta of 0.53. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. Capital City Bank Group had a return on equity of 11.67% and a net margin of 19.67%. The firm had revenue of $58.88 million for the quarter, compared to analyst estimates of $55.15 million.

Capital City Bank Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 9th will be issued a dividend of $0.23 per share. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, September 9th. This represents a $0.92 annualized dividend and a dividend yield of 2.64%. Capital City Bank Group’s payout ratio is currently 29.97%.

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.