Capital City Bank Group (NASDAQ:CCBG) Price Target Raised to $50.00
by Doug Wharley · The Cerbat GemCapital City Bank Group (NASDAQ:CCBG – Free Report) had its price objective boosted by Keefe, Bruyette & Woods from $45.00 to $50.00 in a report issued on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.
A number of other equities analysts also recently commented on the stock. Zacks Research downgraded shares of Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a report on Friday, March 27th. Capital One Financial set a $45.00 price objective on shares of Capital City Bank Group in a report on Wednesday, January 28th. Wall Street Zen downgraded shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Finally, Brean Capital downgraded shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Capital City Bank Group has an average rating of “Hold” and an average price target of $49.75.
Check Out Our Latest Stock Analysis on Capital City Bank Group
Capital City Bank Group Stock Up 1.8%
CCBG stock opened at $46.29 on Tuesday. Capital City Bank Group has a twelve month low of $34.83 and a twelve month high of $48.78. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $793.87 million, a P/E ratio of 13.11 and a beta of 0.30. The firm has a 50 day simple moving average of $43.76 and a 200-day simple moving average of $42.74.
Capital City Bank Group (NASDAQ:CCBG – Get Free Report) last released its quarterly earnings data on Monday, April 20th. The financial services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. The firm had revenue of $62.75 million during the quarter, compared to the consensus estimate of $63.25 million. Capital City Bank Group had a net margin of 21.01% and a return on equity of 11.21%. On average, equities research analysts predict that Capital City Bank Group will post 3.69 earnings per share for the current fiscal year.
Capital City Bank Group Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were paid a $0.27 dividend. The ex-dividend date was Monday, March 9th. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 2.3%. Capital City Bank Group’s dividend payout ratio (DPR) is 30.59%.
Institutional Investors Weigh In On Capital City Bank Group
Hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new stake in Capital City Bank Group in the third quarter valued at $28,000. Quarry LP bought a new stake in Capital City Bank Group in the third quarter valued at $38,000. CWM LLC lifted its stake in Capital City Bank Group by 140.7% in the third quarter. CWM LLC now owns 2,270 shares of the financial services provider’s stock valued at $95,000 after buying an additional 1,327 shares during the last quarter. SG Americas Securities LLC bought a new stake in Capital City Bank Group in the third quarter valued at $122,000. Finally, Raymond James Financial Inc. bought a new stake in Capital City Bank Group in the second quarter valued at $150,000. 44.59% of the stock is currently owned by institutional investors.
About Capital City Bank Group
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.