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

Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) have received a consensus recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $36.80.

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. StockNews.com downgraded shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Monday, December 2nd.

Hedge Funds Weigh In On Capital City Bank Group

Several institutional investors and hedge funds have recently modified their holdings of CCBG. Dimensional Fund Advisors LP boosted its stake in Capital City Bank Group by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 867,642 shares of the financial services provider’s stock worth $24,675,000 after purchasing an additional 4,606 shares during the period. State Street Corp lifted its holdings in shares of Capital City Bank Group by 1.8% in the third quarter. State Street Corp now owns 341,426 shares of the financial services provider’s stock valued at $12,049,000 after purchasing an additional 5,980 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Capital City Bank Group by 2.5% during the third quarter. Geode Capital Management LLC now owns 320,479 shares of the financial services provider’s stock worth $11,312,000 after buying an additional 7,773 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Capital City Bank Group by 4.0% during the second quarter. Renaissance Technologies LLC now owns 206,871 shares of the financial services provider’s stock worth $5,883,000 after buying an additional 8,000 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in Capital City Bank Group by 7.2% in the 2nd quarter. Acadian Asset Management LLC now owns 175,117 shares of the financial services provider’s stock valued at $4,978,000 after buying an additional 11,742 shares during the last quarter. 44.59% of the stock is currently owned by institutional investors and hedge funds.

Capital City Bank Group Stock Performance

CCBG stock opened at $39.40 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $40.86. The business’s fifty day moving average is $37.29 and its 200-day moving average is $33.57. The company has a market cap of $667.59 million, a P/E ratio of 12.92 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.01. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. The firm had revenue of $68.84 million for the quarter, compared to analyst estimates of $54.40 million. Equities research analysts forecast that Capital City Bank Group will post 3.05 EPS for the current year.

Capital City Bank Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Monday, December 9th. Capital City Bank Group’s dividend payout ratio is currently 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.