StockNews.com Downgrades Capital City Bank Group (NASDAQ:CCBG) to Hold

StockNews.com lowered shares of Capital City Bank Group (NASDAQ:CCBG) from a buy rating to a hold rating in a report issued on Friday.

Separately, Keefe, Bruyette & Woods lifted their price target on Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th.

Capital City Bank Group Stock Performance

Capital City Bank Group stock opened at $36.38 on Friday. The stock has a 50-day simple moving average of $37.38 and a 200 day simple moving average of $35.20. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. Capital City Bank Group has a 12-month low of $25.45 and a 12-month high of $40.86. The stock has a market capitalization of $616.28 million, a price-to-earnings ratio of 11.93 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating 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 business had revenue of $68.84 million during the quarter, compared to analysts’ expectations of $54.40 million. On average, research analysts anticipate that Capital City Bank Group will post 3.05 earnings per share for the current fiscal year.

Capital City Bank Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.92 dividend on an annualized basis and a yield of 2.53%. Capital City Bank Group’s payout ratio is presently 30.16%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CCBG. Wilmington Savings Fund Society FSB acquired a new position in Capital City Bank Group during the 3rd quarter valued at about $35,000. Blue Trust Inc. lifted its position in Capital City Bank Group by 1,482.3% during the 3rd quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 3,928 shares during the period. SG Americas Securities LLC acquired a new position in Capital City Bank Group during the 3rd quarter valued at about $184,000. FMR LLC lifted its position in Capital City Bank Group by 48.5% during the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 2,164 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in Capital City Bank Group during the 3rd quarter valued at about $235,000. 44.59% of the stock is currently owned by institutional investors and hedge funds.

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.