Capital City Bank Group, Inc. (NASDAQ:CCBG) Receives $35.80 Consensus Target Price from Analysts

Capital City Bank Group, Inc. (NASDAQ:CCBG) has received a consensus rating of “Hold” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities 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 target among brokers that have issued a report on the stock in the last year is $35.80.

CCBG has been the subject of several research 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 report on Wednesday, July 24th. Piper Sandler downgraded 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 report 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 report on Thursday, July 25th.

Capital City Bank Group Price Performance

CCBG stock opened at $34.36 on Thursday. The firm has a 50 day moving average of $32.80 and a 200-day moving average of $29.23. Capital City Bank Group has a 12-month low of $25.45 and a 12-month high of $36.49. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12. The company has a market cap of $582.06 million, a price-to-earnings ratio of 11.19 and a beta of 0.53.

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

Capital City Bank Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 9th will be issued a $0.23 dividend. The ex-dividend date is Monday, September 9th. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 2.68%. Capital City Bank Group’s payout ratio is 29.97%.

Insider Buying and Selling at Capital City Bank Group

In other news, Treasurer Thomas A. Barron sold 8,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were 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 directly owns 143,681 shares of the company’s stock, valued at approximately $5,066,192.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Treasurer Thomas A. Barron sold 3,000 shares of the business’s stock in a transaction 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 completion of the sale, the treasurer now directly owns 140,681 shares of the company’s stock, valued at approximately $4,756,424.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer Thomas A. Barron sold 8,000 shares of the company’s stock in a transaction 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 sale, the treasurer now directly owns 143,681 shares of the company’s stock, valued at $5,066,192.06. The disclosure for this sale can be found here. 19.40% of the stock is currently owned by insiders.

Institutional Trading of Capital City Bank Group

Institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC boosted its position in 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 period. Princeton Capital Management LLC purchased a new position in Capital City Bank Group in the 2nd quarter valued at about $204,000. Allspring Global Investments Holdings LLC purchased a new position in Capital City Bank Group in the 2nd quarter valued at about $211,000. Janus Henderson Group PLC purchased a new position in Capital City Bank Group in the 1st quarter valued at about $284,000. Finally, Los Angeles Capital Management LLC boosted its position in Capital City Bank Group by 16.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 10,710 shares of the financial services provider’s stock valued at $297,000 after buying an additional 1,480 shares during the last quarter. 44.59% of the stock is owned by hedge funds and other institutional investors.

About Capital City Bank Group

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.