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

StockNews.com upgraded shares of Capital City Bank Group (NASDAQ:CCBGGet Rating) from a hold rating to a buy rating in a research report released on Tuesday morning.

Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Capital City Bank Group from a hold rating to a strong-buy rating and set a $30.00 price target on the stock in a research note on Friday, April 1st. Piper Sandler upgraded shares of Capital City Bank Group from a neutral rating to an overweight rating and boosted their price target for the stock from $29.00 to $31.50 in a research note on Tuesday, April 26th. Finally, Keefe, Bruyette & Woods upgraded shares of Capital City Bank Group from a market perform rating to an outperform rating and boosted their price target for the stock from $31.00 to $33.00 in a research note on Tuesday, January 25th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $31.00.

CCBG opened at $26.48 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 0.76. Capital City Bank Group has a fifty-two week low of $22.01 and a fifty-two week high of $29.00. The company’s fifty day moving average price is $26.22. The stock has a market cap of $448.78 million, a PE ratio of 13.79 and a beta of 0.66.

Capital City Bank Group (NASDAQ:CCBGGet Rating) last released its earnings results on Monday, April 25th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.12. Capital City Bank Group had a net margin of 15.41% and a return on equity of 8.98%. On average, equities research analysts anticipate that Capital City Bank Group will post 2.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 21st. Stockholders of record on Monday, March 7th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Friday, March 4th. Capital City Bank Group’s dividend payout ratio is 33.33%.

In related news, Treasurer Thomas A. Barron sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $27.02, for a total transaction of $135,100.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Allan G. Bense purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 1st. The shares were purchased at an average price of $26.76 per share, for a total transaction of $267,600.00. The disclosure for this purchase can be found here. 20.84% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of CCBG. Marshall Wace LLP bought a new position in Capital City Bank Group during the 1st quarter valued at about $293,000. Morgan Stanley grew its holdings in Capital City Bank Group by 10.2% during the 2nd quarter. Morgan Stanley now owns 81,187 shares of the financial services provider’s stock valued at $2,093,000 after purchasing an additional 7,495 shares during the last quarter. Millennium Management LLC bought a new position in Capital City Bank Group during the 2nd quarter valued at about $308,000. Invesco Ltd. grew its stake in Capital City Bank Group by 6.4% in the 2nd quarter. Invesco Ltd. now owns 12,143 shares of the financial services provider’s stock worth $314,000 after acquiring an additional 729 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Capital City Bank Group in the 3rd quarter worth about $225,000. Institutional investors own 43.81% of the company’s stock.

About Capital City Bank Group (Get Rating)

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking and 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.

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