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

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

Capital City Bank Group Price Performance

Shares of CCBG opened at $39.66 on Monday. Capital City Bank Group has a 12-month low of $25.45 and a 12-month high of $40.86. The business has a 50-day simple moving average of $36.47 and a two-hundred day simple moving average of $32.85. 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 stock has a market cap of $671.84 million, a PE ratio of 13.00 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.01. The company had revenue of $68.84 million during the quarter, compared to analysts’ expectations of $54.40 million. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. 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 business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.92 annualized dividend and a dividend yield of 2.32%. Capital City Bank Group’s payout ratio is 30.16%.

Insider Activity

In related news, Treasurer Thomas A. Barron sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the sale, the treasurer now owns 140,681 shares in the company, valued at $4,756,424.61. This represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 19.40% of the company’s stock.

Institutional Investors Weigh In On Capital City Bank Group

Several institutional investors and hedge funds have recently made changes to their positions in CCBG. Wellington Management Group LLP bought a new position in Capital City Bank Group in the third quarter worth approximately $5,673,000. American Century Companies Inc. boosted its holdings 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 acquiring an additional 32,671 shares in the last quarter. Barclays PLC lifted its holdings in shares of Capital City Bank Group by 46.8% in the third quarter. Barclays PLC now owns 53,402 shares of the financial services provider’s stock valued at $1,883,000 after purchasing an additional 17,022 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Capital City Bank Group by 7.2% in the second quarter. Acadian Asset Management LLC now owns 175,117 shares of the financial services provider’s stock valued at $4,978,000 after purchasing an additional 11,742 shares in the last quarter. Finally, Inspire Investing LLC bought a new position in shares of Capital City Bank Group in the third quarter valued at approximately $414,000. Institutional investors own 44.59% of the company’s stock.

About Capital City Bank Group

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.