Capital City Bank Group (CCBG) Given a $26.00 Price Target at Sandler O’Neill

Sandler O’Neill set a $26.00 price objective on Capital City Bank Group (NASDAQ:CCBG) in a research note issued to investors on Wednesday. The firm currently has a hold rating on the financial services provider’s stock.

Other analysts have also issued reports about the stock. BidaskClub upgraded shares of Capital City Bank Group from a hold rating to a buy rating in a research report on Tuesday, February 13th. Zacks Investment Research lowered shares of Capital City Bank Group from a strong-buy rating to a hold rating in a research report on Tuesday, February 27th. Keefe, Bruyette & Woods restated a hold rating and issued a $27.00 price target on shares of Capital City Bank Group in a research report on Wednesday, January 24th. Finally, Hovde Group upgraded shares of Capital City Bank Group from a market perform rating to an outperform rating and set a $26.50 price target on the stock in a research report on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $26.63.

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NASDAQ:CCBG opened at $24.75 on Wednesday. Capital City Bank Group has a 1 year low of $17.68 and a 1 year high of $26.50. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $421.72, a P/E ratio of 28.13 and a beta of 0.74.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $34.39 million for the quarter. Capital City Bank Group had a net margin of 7.83% and a return on equity of 5.28%. research analysts forecast that Capital City Bank Group will post 1.41 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 19th. Shareholders of record on Monday, March 5th were given a $0.07 dividend. The ex-dividend date was Friday, March 2nd. This represents a $0.28 annualized dividend and a yield of 1.13%. Capital City Bank Group’s dividend payout ratio is 31.82%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. lifted its holdings in shares of Capital City Bank Group by 36.7% during the 4th quarter. Macquarie Group Ltd. now owns 7,828 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 2,100 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Capital City Bank Group by 13.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 25,125 shares of the financial services provider’s stock worth $577,000 after acquiring an additional 2,950 shares during the period. First Quadrant L P CA lifted its holdings in shares of Capital City Bank Group by 84.9% during the 4th quarter. First Quadrant L P CA now owns 8,448 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 3,878 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Capital City Bank Group by 16.5% during the 4th quarter. Wells Fargo & Company MN now owns 32,346 shares of the financial services provider’s stock worth $742,000 after acquiring an additional 4,577 shares during the period. Finally, MetLife Investment Advisors LLC bought a new position in shares of Capital City Bank Group during the 4th quarter worth about $132,000. Institutional investors own 33.70% of the company’s stock.

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Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a financial holding company. The Company provides a range of banking and banking-related services to individual and corporate clients through its subsidiary, Capital City Bank (CCB or the Bank), with banking offices located in Florida, Georgia and Alabama. It operates through commercial banking segment with over four principal services, including Banking Services (CCB), Data Processing Services (Capital City Services Company), Trust and Asset Management Services (Capital City Trust Company) and Brokerage Services (Capital City Banc Investments, Inc).

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