Capital City Bank Group (NASDAQ:CCBG) Upgraded at Wall Street Zen
by Renee Jackson · The Cerbat GemWall Street Zen upgraded shares of Capital City Bank Group (NASDAQ:CCBG – Free Report) from a sell rating to a hold rating in a report published on Saturday morning.
Other research analysts have also recently issued reports about the stock. Zacks Research cut shares of Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a report on Friday, March 27th. Keefe, Bruyette & Woods increased their target price on shares of Capital City Bank Group from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Tuesday, April 21st. Brean Capital cut shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. Finally, Capital One Financial set a $49.50 target price on shares of Capital City Bank Group in a report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Capital City Bank Group currently has an average rating of “Hold” and an average price target of $49.75.
Read Our Latest Stock Report on CCBG
Capital City Bank Group Trading Up 0.9%
NASDAQ CCBG opened at $46.57 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. Capital City Bank Group has a 12 month low of $35.56 and a 12 month high of $48.78. The company’s 50-day moving average price is $43.90 and its 200-day moving average price is $42.79. The stock has a market cap of $798.68 million, a PE ratio of 13.19 and a beta of 0.30.
Capital City Bank Group (NASDAQ:CCBG – Get Free Report) last issued its earnings results on Monday, April 20th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. Capital City Bank Group had a net margin of 21.01% and a return on equity of 11.21%. The company had revenue of $62.75 million for the quarter, compared to analysts’ expectations of $63.25 million. Equities research analysts forecast that Capital City Bank Group will post 3.69 earnings per share for the current year.
Capital City Bank Group Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were issued a $0.27 dividend. The ex-dividend date was Monday, March 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.26. Capital City Bank Group’s dividend payout ratio (DPR) is 30.59%.
Institutional Trading of Capital City Bank Group
A number of institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Capital City Bank Group by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider’s stock valued at $294,000 after buying an additional 327 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Capital City Bank Group by 11.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 4,200 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 420 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Capital City Bank Group in the 3rd quarter valued at approximately $28,000. Swiss National Bank raised its position in shares of Capital City Bank Group by 2.5% in the 4th quarter. Swiss National Bank now owns 28,600 shares of the financial services provider’s stock valued at $1,218,000 after purchasing an additional 700 shares during the last quarter. Finally, Inspire Investing LLC raised its position in shares of Capital City Bank Group by 6.9% in the 1st quarter. Inspire Investing LLC now owns 11,772 shares of the financial services provider’s stock valued at $512,000 after purchasing an additional 758 shares during the last quarter. 44.59% of the stock is currently owned by institutional investors.
Capital City Bank Group Company Profile
Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.
Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.