Capital City Bank Group (NASDAQ:CCBG) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a hold rating to a buy rating in a report released on Wednesday.

A number of other equities research analysts also recently weighed in on the company. Hovde Group raised their price objective on Capital City Bank Group from $30.00 to $37.00 and gave the company a “market perform” rating in a research report on Wednesday, July 24th. Piper Sandler cut shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and increased their target price for the company from $30.00 to $34.00 in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $35.80.

Capital City Bank Group Trading Down 1.9 %

NASDAQ CCBG opened at $34.41 on Wednesday. Capital City Bank Group has a one year low of $25.45 and a one year high of $36.67. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $583.01 million, a price-to-earnings ratio of 11.21 and a beta of 0.53. The company’s 50-day simple moving average is $34.31 and its two-hundred day simple moving average is $30.65.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The company had revenue of $68.84 million during the quarter, compared to the consensus estimate of $54.40 million. Capital City Bank Group had a net margin of 19.67% and a return on equity of 11.67%.

Capital City Bank Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were paid a dividend of $0.23 per share. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, September 9th. This represents a $0.92 dividend on an annualized basis and a yield of 2.67%. Capital City Bank Group’s dividend payout ratio is presently 29.97%.

Insiders Place Their Bets

In related 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 transaction, the treasurer now directly owns 140,681 shares of the company’s stock, valued at $4,756,424.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 8,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the treasurer now directly owns 143,681 shares of the company’s stock, valued at approximately $5,066,192.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Treasurer Thomas A. Barron sold 3,000 shares of Capital City Bank Group stock in a transaction that occurred 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 sale, the treasurer now owns 140,681 shares of the company’s stock, valued at approximately $4,756,424.61. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 19.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Blue Trust Inc. grew its position in Capital City Bank Group by 1,482.3% during the 3rd quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 3,928 shares during the period. Inspire Investing LLC purchased a new stake in shares of Capital City Bank Group in the third quarter worth about $414,000. SG Americas Securities LLC acquired a new stake in Capital City Bank Group during the third quarter worth about $184,000. Prospector Partners LLC raised its position in Capital City Bank Group by 17.6% during the second quarter. Prospector Partners LLC now owns 32,685 shares of the financial services provider’s stock valued at $930,000 after acquiring an additional 4,900 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Capital City Bank Group by 4.0% in the second quarter. Renaissance Technologies LLC now owns 206,871 shares of the financial services provider’s stock valued at $5,883,000 after acquiring an additional 8,000 shares during the period. Hedge funds and other institutional investors own 44.59% of the company’s stock.

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.