Capital City Bank Group (NASDAQ:CCBG) Stock Rating Upgraded by 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 raised their price target on Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.80.

Capital City Bank Group Trading Up 0.1 %

NASDAQ CCBG opened at $36.50 on Tuesday. The stock’s 50-day simple moving average is $37.51 and its two-hundred day simple moving average is $33.69. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $40.86. 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 $618.46 million, a price-to-earnings ratio of 11.97 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results 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. 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 for the quarter, compared to the consensus estimate of $54.40 million. Research analysts forecast that Capital City Bank Group will post 3.05 EPS for the current fiscal year.

Capital City Bank Group Announces Dividend

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

Institutional Trading of Capital City Bank Group

Several large investors have recently modified their holdings of CCBG. Wellington Management Group LLP bought a new stake in shares of Capital City Bank Group in the third quarter worth about $5,673,000. American Century Companies Inc. grew its stake 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 purchasing an additional 32,671 shares during the last quarter. Barclays PLC grew its stake 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 worth $1,883,000 after purchasing an additional 17,022 shares during the last quarter. Acadian Asset Management LLC grew its stake 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 worth $4,978,000 after purchasing an additional 11,742 shares during the last quarter. Finally, Inspire Investing LLC purchased a new stake in Capital City Bank Group in the third quarter worth about $414,000. 44.59% of the stock is owned by institutional investors.

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.