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

Capital City Bank Group, Inc. (NASDAQ:CCBG) has been given a consensus rating of “Hold” by the five ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $35.80.

A number of equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Piper Sandler lowered shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $30.00 to $34.00 in a report on Monday, July 29th. Keefe, Bruyette & Woods raised their target price on shares of Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Hovde Group raised their target price on shares of 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.

Insiders Place Their Bets

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of the business’s 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 19.40% of the stock is owned by insiders.

Institutional Trading of Capital City Bank Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. lifted its stake 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 valued at $148,000 after acquiring an additional 3,928 shares during the period. Inspire Investing LLC acquired a new stake in Capital City Bank Group during the 3rd quarter valued at approximately $414,000. SG Americas Securities LLC acquired a new stake in Capital City Bank Group during the 3rd quarter valued at approximately $184,000. Prospector Partners LLC lifted its stake in Capital City Bank Group by 17.6% during the 2nd 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 during the period. Finally, Renaissance Technologies LLC lifted its stake in Capital City Bank Group by 4.0% during the 2nd 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. 44.59% of the stock is currently owned by institutional investors and hedge funds.

Capital City Bank Group Price Performance

Capital City Bank Group stock opened at $35.27 on Wednesday. The firm has a 50-day moving average price of $34.46 and a 200-day moving average price of $30.88. The firm has a market capitalization of $597.58 million, a PE ratio of 11.49 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 has a 12-month low of $25.45 and a 12-month high of $36.67.

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 (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.01. Capital City Bank Group had a net margin of 19.67% and a return on equity of 11.67%. The firm had revenue of $68.84 million during the quarter, compared to analyst estimates of $54.40 million.

Capital City Bank Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.61%. The ex-dividend date was Monday, September 9th. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.21. Capital City Bank Group’s payout ratio is currently 29.97%.

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.