Capital City Bank Group (NASDAQ:CCBG) Upgraded at Zacks Research

Zacks Research upgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $45.00.

Capital City Bank Group Stock Performance

Shares of Capital City Bank Group stock opened at $42.57 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $41.81 and a 200 day simple moving average of $41.38. Capital City Bank Group has a fifty-two week low of $32.38 and a fifty-two week high of $45.63. The firm has a market cap of $726.67 million, a P/E ratio of 11.92 and a beta of 0.36.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.19 EPS for the quarter. The firm had revenue of $60.10 million for the quarter. Capital City Bank Group had a return on equity of 11.75% and a net margin of 21.50%. Sell-side analysts predict that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.4%. Capital City Bank Group’s dividend payout ratio is 29.13%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in shares of Capital City Bank Group by 11.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,766 shares of the financial services provider’s stock worth $2,623,000 after buying an additional 6,428 shares during the last quarter. PharVision Advisers LLC bought a new stake in shares of Capital City Bank Group during the third quarter worth approximately $248,000. Quarry LP acquired a new position in shares of Capital City Bank Group in the third quarter valued at approximately $38,000. Mariner LLC increased its stake in shares of Capital City Bank Group by 7.8% during the third quarter. Mariner LLC now owns 11,104 shares of the financial services provider’s stock worth $464,000 after purchasing an additional 801 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Capital City Bank Group by 667.3% during the third quarter. Millennium Management LLC now owns 44,541 shares of the financial services provider’s stock worth $1,861,000 after purchasing an additional 38,736 shares during the period. Institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.