Capital City Bank Group, Inc. (NASDAQ:CCBG) Receives Average Recommendation of “Hold” from Brokerages

Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) have received an average rating of “Hold” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $35.80.

CCBG has been the topic of a number of recent research reports. Piper Sandler cut Capital City Bank Group from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $30.00 to $34.00 in a report on Monday, July 29th. StockNews.com upgraded shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th.

Insider Activity at Capital City Bank Group

In other news, Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were 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 of the company’s stock, valued at $4,756,424.61. This represents a 2.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 19.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCBG. Wellington Management Group LLP bought a new stake in Capital City Bank Group during the third quarter worth about $5,673,000. American Century Companies Inc. boosted its stake in Capital City Bank Group by 40.9% in the second quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider’s stock worth $3,201,000 after buying an additional 32,671 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in Capital City Bank Group during the first quarter valued at approximately $585,000. Barclays PLC raised its stake in shares of Capital City Bank Group by 46.8% during the third quarter. Barclays PLC now owns 53,402 shares of the financial services provider’s stock worth $1,883,000 after acquiring an additional 17,022 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Capital City Bank Group by 7.2% in the 2nd quarter. Acadian Asset Management LLC now owns 175,117 shares of the financial services provider’s stock worth $4,978,000 after acquiring an additional 11,742 shares during the last quarter. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

Capital City Bank Group Price Performance

CCBG opened at $39.12 on Friday. The firm has a 50-day moving average price of $35.79 and a 200-day moving average price of $32.21. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $40.08. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $662.69 million, a price-to-earnings ratio of 12.83 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The business had revenue of $68.84 million during the quarter, compared to analyst estimates of $54.40 million. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%. Equities analysts expect that Capital City Bank Group will post 3.05 EPS for the current year.

Capital City Bank Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Monday, December 9th. Capital City Bank Group’s payout ratio is 30.16%.

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.