Capital City Bank Group (NASDAQ:CCBG) PT Lowered to $37.00

Capital City Bank Group (NASDAQ:CCBG) had its price target lowered by Keefe, Bruyette & Woods from $38.00 to $37.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

Several other analysts have also weighed in on CCBG. DA Davidson reduced their price objective on Capital City Bank Group from $34.00 to $32.50 and set a neutral rating on the stock in a research note on Tuesday, January 2nd. Piper Sandler assumed coverage on Capital City Bank Group in a research note on Friday, January 5th. They issued an overweight rating and a $34.00 price objective on the stock. Finally, Janney Montgomery Scott raised Capital City Bank Group from a neutral rating to a buy rating and set a $37.50 price objective on the stock in a research note on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Capital City Bank Group has an average rating of Moderate Buy and a consensus price target of $34.25.

Capital City Bank Group Stock Performance

CCBG opened at $27.18 on Tuesday. The firm has a market cap of $460.51 million, a P/E ratio of 8.47 and a beta of 0.53. Capital City Bank Group has a 52-week low of $25.57 and a 52-week high of $34.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.81 and a current ratio of 0.81. The business’s fifty day moving average is $27.49 and its 200-day moving average is $28.31.

Capital City Bank Group (NASDAQ:CCBG) last released 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 business 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%. Sell-side analysts expect that Capital City Bank Group will post 2.87 EPS for the current fiscal year.

Capital City Bank Group Increases Dividend

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

Insider Activity

In other news, Director Marshall M. Criser III purchased 1,300 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were purchased at an average cost of $28.19 per share, with a total value of $36,647.00. Following the completion of the purchase, the director now owns 15,200 shares of the company’s stock, valued at approximately $428,488. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 19.40% of the company’s stock.

Institutional Trading of Capital City Bank Group

Hedge funds have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of Capital City Bank Group during the third quarter valued at about $113,000. SG Americas Securities LLC bought a new position in shares of Capital City Bank Group during the third quarter worth about $145,000. Los Angeles Capital Management LLC bought a new position in shares of Capital City Bank Group during the fourth quarter worth about $272,000. BNP Paribas Financial Markets raised its position in shares of Capital City Bank Group by 30.5% during the fourth quarter. BNP Paribas Financial Markets now owns 14,999 shares of the financial services provider’s stock worth $441,000 after acquiring an additional 3,504 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Capital City Bank Group by 2.4% during the third quarter. Swiss National Bank now owns 30,000 shares of the financial services provider’s stock worth $895,000 after acquiring an additional 700 shares during the last quarter. 44.59% of the stock is owned by institutional investors and hedge funds.

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.