Capital City Bank Group, Inc. (CCBG) Receives Consensus Rating of “Hold” from Brokerages

Capital City Bank Group, Inc. (NASDAQ:CCBG) has been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $27.00.

A number of equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of Capital City Bank Group from a “sell” rating to a “hold” rating in a report on Friday, April 5th. Stephens reiterated a “hold” rating and issued a $25.00 price objective on shares of Capital City Bank Group in a report on Wednesday, January 30th. Zacks Investment Research cut shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, ValuEngine cut shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a report on Friday, March 15th.

Capital City Bank Group stock opened at $23.42 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 0.80. Capital City Bank Group has a 12 month low of $19.92 and a 12 month high of $26.95. The firm has a market cap of $389.44 million, a PE ratio of 18.02 and a beta of 0.76.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, January 29th. The financial services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.37 by $0.04. The business had revenue of $37.59 million for the quarter, compared to analysts’ expectations of $36.10 million. Capital City Bank Group had a net margin of 17.37% and a return on equity of 7.71%. As a group, equities analysts expect that Capital City Bank Group will post 1.62 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.88%. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, March 8th. Capital City Bank Group’s dividend payout ratio is 33.85%.

In other news, Director Laura L. Johnson purchased 2,500 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was bought at an average cost of $24.97 per share, for a total transaction of $62,425.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Thomas A. Barron sold 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $23.53, for a total transaction of $117,650.00. Following the sale, the treasurer now owns 130,237 shares of the company’s stock, valued at $3,064,476.61. The disclosure for this sale can be found here. Insiders have acquired 5,832 shares of company stock valued at $142,103 over the last 90 days. Corporate insiders own 20.90% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in CCBG. ZWJ Investment Counsel Inc. bought a new stake in Capital City Bank Group during the fourth quarter valued at about $1,459,000. BlackRock Inc. raised its position in shares of Capital City Bank Group by 5.5% during the fourth quarter. BlackRock Inc. now owns 963,503 shares of the financial services provider’s stock valued at $22,363,000 after buying an additional 49,812 shares during the last quarter. Martingale Asset Management L P acquired a new position in shares of Capital City Bank Group during the fourth quarter valued at about $729,000. Dimensional Fund Advisors LP raised its position in shares of Capital City Bank Group by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 903,151 shares of the financial services provider’s stock valued at $20,962,000 after buying an additional 25,541 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Capital City Bank Group by 84.1% during the third quarter. First Trust Advisors LP now owns 44,362 shares of the financial services provider’s stock valued at $1,035,000 after buying an additional 20,270 shares during the last quarter. Institutional investors own 40.22% of the company’s stock.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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.

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