Capital City Bank Group (NASDAQ:CCBG) Price Target Cut to $30.00

Capital City Bank Group (NASDAQ:CCBG) had its target price reduced by Piper Sandler from $34.00 to $30.00 in a research note released on Tuesday, Benzinga reports. Piper Sandler currently has an overweight rating on the financial services provider’s stock.

Several other equities research analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Capital City Bank Group from $38.00 to $37.00 and set an outperform rating for the company in a research report on Tuesday. Janney Montgomery Scott upgraded shares of Capital City Bank Group from a neutral rating to a buy rating and set a $37.50 price objective for the company in a research report on Wednesday, January 24th. Finally, DA Davidson lowered their price objective on shares of Capital City Bank Group from $34.00 to $32.50 and set a neutral rating for the company in a research report on Tuesday, January 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $34.25.

Capital City Bank Group Trading Up 0.3 %

Shares of CCBG stock opened at $27.18 on Tuesday. Capital City Bank Group has a 12-month low of $25.57 and a 12-month high of $34.16. The company has a market capitalization of $460.51 million, a P/E ratio of 8.47 and a beta of 0.53. The firm has a 50-day moving average price of $27.49 and a 200 day moving average price of $28.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.12.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.02). The company had revenue of $63.34 million during the quarter, compared to analyst estimates of $56.50 million. Capital City Bank Group had a net margin of 20.67% and a return on equity of 12.99%. Research analysts forecast that Capital City Bank Group will post 2.87 earnings per share for the current fiscal year.

Capital City Bank Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were given a dividend of $0.21 per share. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.84 annualized dividend and a dividend yield of 3.09%. Capital City Bank Group’s payout ratio is currently 26.17%.

Insider Transactions at Capital City Bank Group

In other Capital City Bank Group news, Director Marshall M. Criser III purchased 1,300 shares of the stock in a transaction dated Thursday, February 29th. The stock was bought at an average price of $28.19 per share, for a total transaction of $36,647.00. Following the transaction, the director now directly owns 15,200 shares in the company, valued at $428,488. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 19.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Capital City Bank Group

Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in Capital City Bank Group by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 850,987 shares of the financial services provider’s stock valued at $25,046,000 after purchasing an additional 8,266 shares during the period. Vanguard Group Inc. grew its holdings in Capital City Bank Group by 1.4% during the third quarter. Vanguard Group Inc. now owns 700,918 shares of the financial services provider’s stock valued at $20,908,000 after purchasing an additional 9,449 shares during the period. Bank of New York Mellon Corp grew its holdings in Capital City Bank Group by 3.9% during the third quarter. Bank of New York Mellon Corp now owns 90,974 shares of the financial services provider’s stock valued at $2,714,000 after purchasing an additional 3,403 shares during the period. Thomasville National Bank grew its holdings in Capital City Bank Group by 17.8% during the first quarter. Thomasville National Bank now owns 82,704 shares of the financial services provider’s stock valued at $2,291,000 after purchasing an additional 12,500 shares during the period. Finally, Isthmus Partners LLC grew its holdings in Capital City Bank Group by 4.2% during the fourth quarter. Isthmus Partners LLC now owns 71,586 shares of the financial services provider’s stock valued at $2,107,000 after purchasing an additional 2,853 shares during the period. Institutional investors and hedge funds 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.