Capital City Bank Group (NASDAQ:CCBG) Upgraded at StockNews.com

StockNews.com upgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a hold rating to a buy rating in a research note published on Tuesday.

Separately, Keefe, Bruyette & Woods increased their price objective 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.80.

Capital City Bank Group Price Performance

Shares of NASDAQ CCBG opened at $36.50 on Tuesday. The stock has a fifty day simple moving average of $37.51 and a two-hundred day simple moving average of $33.69. Capital City Bank Group has a 1-year low of $25.45 and a 1-year high of $40.86. The firm has a market cap of $618.46 million, a price-to-earnings ratio of 11.97 and a beta of 0.56. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data 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. 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 analyst estimates of $54.40 million. Analysts anticipate that Capital City Bank Group will post 3.05 earnings per share for the current year.

Capital City Bank Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a dividend of $0.23 per share. The ex-dividend date is Monday, December 9th. This represents a $0.92 annualized dividend and a dividend yield of 2.52%. Capital City Bank Group’s dividend payout ratio is currently 30.16%.

Institutional Investors Weigh In On Capital City Bank Group

Several institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. raised its position in shares of 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. Bank of New York Mellon Corp raised its position in shares of Capital City Bank Group by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 65,048 shares of the financial services provider’s stock worth $1,850,000 after buying an additional 5,878 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of Capital City Bank Group by 2.8% in the second quarter. Panagora Asset Management Inc. now owns 78,097 shares of the financial services provider’s stock worth $2,221,000 after buying an additional 2,093 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Capital City Bank Group in the third quarter worth $5,673,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Capital City Bank Group by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 867,642 shares of the financial services provider’s stock worth $24,675,000 after buying an additional 4,606 shares in the last quarter. Hedge funds and other institutional investors own 44.59% of the company’s stock.

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.