Capital City Bank Group (NASDAQ:CCBG) Cut to Hold at Zacks Research

Zacks Research cut shares of Capital City Bank Group (NASDAQ:CCBG) from a strong-buy rating to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

Other equities analysts have also issued reports about the company. Capital One Financial set a $45.00 target price on Capital City Bank Group in a research report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods lowered shares of Capital City Bank Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $47.00 to $45.00 in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $45.00.

Capital City Bank Group Price Performance

CCBG stock opened at $41.76 on Wednesday. The stock has a market capitalization of $712.84 million, a PE ratio of 11.60 and a beta of 0.36. The company’s 50-day moving average is $43.18 and its 200-day moving average is $41.97. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.83. Capital City Bank Group has a 1 year low of $32.38 and a 1 year high of $46.83.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.09). Capital City Bank Group had a net margin of 21.47% and a return on equity of 11.69%. The firm had revenue of $63.46 million during the quarter, compared to analyst estimates of $64.65 million. Equities research analysts expect that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, December 1st. Capital City Bank Group’s dividend payout ratio is presently 28.89%.

Institutional Trading of Capital City Bank Group

Several institutional investors have recently made changes to their positions in CCBG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Capital City Bank Group by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 327 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Capital City Bank Group in the 3rd quarter worth about $28,000. Mariner LLC boosted its stake in shares of Capital City Bank Group by 7.8% in the 3rd quarter. Mariner LLC now owns 11,104 shares of the financial services provider’s stock worth $464,000 after buying an additional 801 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in Capital City Bank Group by 1.1% during the second quarter. Panagora Asset Management Inc. now owns 77,009 shares of the financial services provider’s stock worth $3,030,000 after acquiring an additional 837 shares during the period. Finally, Quarry LP purchased a new position in Capital City Bank Group in the third quarter worth $38,000. Institutional investors own 44.59% of the company’s stock.

About Capital City Bank Group

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.