StockNews.com Upgrades Capital City Bank Group (NASDAQ:CCBG) to “Buy”

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

Other equities analysts have also issued research reports about the company. Piper Sandler lowered Capital City Bank Group from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $30.00 to $34.00 in a research note on Monday, July 29th. Hovde Group lifted their price objective on shares of 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. Finally, Keefe, Bruyette & Woods increased 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Capital City Bank Group has a consensus rating of “Moderate Buy” and an average target price of $35.80.

Capital City Bank Group Price Performance

Shares of CCBG opened at $38.34 on Thursday. The stock has a market capitalization of $649.48 million, a PE ratio of 12.57 and a beta of 0.53. The company has a 50 day moving average price of $35.32 and a 200-day moving average price of $31.85. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. Capital City Bank Group has a fifty-two week low of $25.45 and a fifty-two week high of $40.08.

Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates 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 company 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 disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.92 annualized dividend and a dividend yield of 2.40%. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.21. Capital City Bank Group’s dividend payout ratio is 30.16%.

Insider Activity at Capital City Bank Group

In related news, Treasurer Thomas A. Barron sold 3,000 shares of the firm’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 completion of the transaction, the treasurer now owns 140,681 shares in the company, valued at $4,756,424.61. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 19.40% of the stock is currently owned by insiders.

Institutional Trading of Capital City Bank Group

Large investors have recently added to or reduced their stakes in the company. Princeton Capital Management LLC lifted its holdings in shares of Capital City Bank Group by 7.0% during the third quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 500 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Capital City Bank Group by 22.3% in the 1st quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 662 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Capital City Bank Group by 5.1% in the third quarter. Empowered Funds LLC now owns 24,809 shares of the financial services provider’s stock worth $876,000 after acquiring an additional 1,206 shares during the period. Rhumbline Advisers raised its holdings in shares of Capital City Bank Group by 6.5% during the second quarter. Rhumbline Advisers now owns 21,602 shares of the financial services provider’s stock worth $614,000 after purchasing an additional 1,316 shares during the last quarter. Finally, Isthmus Partners LLC lifted its position in Capital City Bank Group by 1.3% during the second quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 1,346 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.