Capital City Bank Group, Inc. (NASDAQ:CCBG) Receives $35.80 Consensus PT from Analysts

Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) have earned a consensus recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $35.80.

CCBG has been the subject of several recent analyst reports. Keefe, Bruyette & Woods increased their price objective on Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Hovde Group increased their price objective on Capital City Bank Group from $30.00 to $37.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. Finally, Piper Sandler downgraded Capital City Bank Group from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $30.00 to $34.00 in a report on Monday, July 29th.

Insiders Place Their Bets

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the transaction, the treasurer now owns 140,681 shares in the company, valued at approximately $4,756,424.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 8,000 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $35.26, for a total transaction of $282,080.00. Following the transaction, the treasurer now owns 143,681 shares in the company, valued at approximately $5,066,192.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total value of $101,430.00. Following the transaction, the treasurer now owns 140,681 shares in the company, valued at approximately $4,756,424.61. The disclosure for this sale can be found here. Company insiders own 19.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CCBG. Isthmus Partners LLC increased its position in shares of 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 purchasing an additional 1,346 shares during the period. Lazard Asset Management LLC grew its position in Capital City Bank Group by 22.3% in the first quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 662 shares during the last quarter. Princeton Capital Management LLC bought a new position in Capital City Bank Group in the second quarter valued at about $204,000. Allspring Global Investments Holdings LLC bought a new position in Capital City Bank Group in the second quarter valued at about $211,000. Finally, Janus Henderson Group PLC bought a new position in Capital City Bank Group in the first quarter valued at about $284,000. Institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Trading Up 0.6 %

NASDAQ:CCBG opened at $34.90 on Thursday. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $36.49. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $33.26 and a two-hundred day moving average price of $29.38. The company has a market cap of $591.31 million, a P/E ratio of 11.37 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. Capital City Bank Group had a return on equity of 11.67% and a net margin of 19.67%. The firm had revenue of $58.88 million during the quarter, compared to the consensus estimate of $55.15 million.

Capital City Bank Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 9th will be given a dividend of $0.23 per share. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.92 annualized dividend and a yield of 2.64%. Capital City Bank Group’s dividend payout ratio (DPR) is presently 29.97%.

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.