Analysts Set Capital City Bank Group, Inc. (NASDAQ:CCBG) Price Target at $35.80

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

Several research firms have recently issued reports on CCBG. Piper Sandler lowered shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $30.00 to $34.00 in a research report on Monday, July 29th. StockNews.com raised Capital City Bank Group from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, Keefe, Bruyette & Woods increased their price objective on Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th.

Capital City Bank Group Stock Performance

Shares of CCBG stock opened at $38.44 on Friday. The firm has a 50-day moving average of $35.70 and a 200-day moving average of $32.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. Capital City Bank Group has a one year low of $25.45 and a one year high of $40.08. The company has a market cap of $651.17 million, a P/E ratio of 12.60 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly 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. The company had revenue of $68.84 million during the quarter, compared to analyst estimates of $54.40 million. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%.

Capital City Bank Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is 30.16%.

Insider Buying and Selling

In related news, Treasurer Thomas A. Barron sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were 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 directly owns 140,681 shares in the company, valued at approximately $4,756,424.61. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 19.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Capital City Bank Group

A number of large investors have recently added to or reduced their stakes in the company. Isthmus Partners LLC boosted its stake in Capital City Bank Group by 1.3% in the second quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock worth $31,000 after buying an additional 1,346 shares in the last quarter. Lazard Asset Management LLC grew 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 acquiring an additional 662 shares during the last quarter. Blue Trust Inc. increased its stake in Capital City Bank Group by 1,482.3% in 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. SG Americas Securities LLC purchased a new stake in shares of Capital City Bank Group during the third quarter valued at approximately $184,000. Finally, Princeton Capital Management LLC purchased a new stake in Capital City Bank Group during the 2nd quarter valued at $204,000. 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.