Capital City Bank Group (NASDAQ:CCBG) Cut to Market Perform at Keefe, Bruyette & Woods

by · The Markets Daily

Keefe, Bruyette & Woods lowered shares of Capital City Bank Group (NASDAQ:CCBG – Free Report) from an outperform rating to a market perform rating in a research report released on Wednesday morning, MarketBeat.com reports. Keefe, Bruyette & Woods currently has $45.00 price target on the financial services provider’s stock, down from their previous price target of $47.00.

Other equities analysts also recently issued research reports about the company. Capital One Financial set a $45.00 target price on Capital City Bank Group in a report on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a research report on Monday, December 29th. Finally, Zacks Research raised shares of Capital City Bank Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $45.00.

Read Our Latest Report on CCBG

Capital City Bank Group Stock Performance

Shares of NASDAQ CCBG opened at $41.76 on Wednesday. The stock’s fifty day simple moving average is $43.18 and its 200 day simple moving average is $41.97. The stock has a market capitalization of $712.84 million, a price-to-earnings ratio of 11.60 and a beta of 0.36. Capital City Bank Group has a 52-week low of $32.38 and a 52-week high of $46.83. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.08.

Capital City Bank Group (NASDAQ:CCBG – Get Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.09). The company had revenue of $63.46 million for the quarter, compared to analyst estimates of $64.65 million. Capital City Bank Group had a return on equity of 11.69% and a net margin of 21.47%. As a group, sell-side analysts forecast that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, December 1st. Capital City Bank Group’s payout ratio is 28.89%.

Institutional Investors Weigh In On Capital City Bank Group

Large investors have recently modified their holdings of the stock. Bailard Inc. bought a new stake in shares of Capital City Bank Group during the third quarter worth $736,000. American Century Companies Inc. lifted its position in Capital City Bank Group by 13.8% during the 2nd quarter. American Century Companies Inc. now owns 293,407 shares of the financial services provider’s stock worth $11,546,000 after buying an additional 35,603 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new position in Capital City Bank Group during the 2nd quarter worth about $336,000. Inspire Investing LLC grew its holdings in Capital City Bank Group by 7.8% during the 2nd quarter. Inspire Investing LLC now owns 33,117 shares of the financial services provider’s stock worth $1,303,000 after acquiring an additional 2,393 shares during the last quarter. Finally, KLP Kapitalforvaltning AS increased its position in Capital City Bank Group by 18.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 20,100 shares of the financial services provider’s stock valued at $791,000 after acquiring an additional 3,200 shares in the last quarter. 44.59% of the stock is currently owned by institutional investors.

About Capital City Bank Group

(Get Free Report)

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.

Further Reading