Capital City Bank Group (NASDAQ:CCBG) Downgraded to “Neutral” Rating by Brean Capital

Brean Capital cut shares of Capital City Bank Group (NASDAQ:CCBG) from a buy rating to a neutral rating in a research note released on Tuesday, Marketbeat reports.

Several other equities research analysts have also recently weighed in on CCBG. Wall Street Zen cut shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Zacks Research cut shares of Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods cut shares of Capital City Bank Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $47.00 to $45.00 in a research report on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a research report on Friday, March 27th. Finally, Capital One Financial set a $45.00 price objective on shares of Capital City Bank Group in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Capital City Bank Group currently has an average rating of “Hold” and a consensus target price of $49.75.

Capital City Bank Group Trading Down 1.4%

Shares of CCBG opened at $46.24 on Tuesday. The company’s fifty day moving average is $43.63 and its 200 day moving average is $42.70. Capital City Bank Group has a fifty-two week low of $34.83 and a fifty-two week high of $48.78. The stock has a market capitalization of $793.11 million, a PE ratio of 13.10 and a beta of 0.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.83.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Monday, April 20th. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.07. Capital City Bank Group had a net margin of 21.01% and a return on equity of 11.21%. The company had revenue of $84.92 million for the quarter, compared to analysts’ expectations of $63.25 million. Sell-side analysts expect that Capital City Bank Group will post 3.53 earnings per share for the current fiscal year.

Capital City Bank Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were paid a dividend of $0.27 per share. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, March 9th. Capital City Bank Group’s payout ratio is presently 30.59%.

Institutional Trading of Capital City Bank Group

Large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue purchased a new stake in shares of Capital City Bank Group during the third quarter valued at $28,000. Quarry LP purchased a new stake in shares of Capital City Bank Group during the third quarter valued at $38,000. CWM LLC boosted its stake in shares of Capital City Bank Group by 140.7% during the third quarter. CWM LLC now owns 2,270 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 1,327 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Capital City Bank Group during the third quarter valued at $122,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Capital City Bank Group during the second quarter valued at $150,000. 44.59% of the stock is owned by hedge funds and other institutional investors.

Key Capital City Bank Group News

Here are the key news stories impacting Capital City Bank Group this week:

• Positive Sentiment: Q1 earnings beat — CCBG reported GAAP EPS of $0.92, beating the consensus $0.85, and revenue of $84.9M well above expectations; the report highlighted solid margins and ROE that support earnings momentum. Press Release
• Positive Sentiment: Operational strength — coverage notes and articles point to a 15% jump in Q1 profit driven by deposit growth, lower expenses and stable credit quality, indicating resilience despite softer loan volumes. Blockonomi: Q1 Profit Jumps
• Positive Sentiment: Analyst target increase — Keefe, Bruyette & Woods raised its price target to $50 (from $45) while keeping a market perform rating, signaling modest upside in sell‑side expectations. Benzinga: PT Raise
• Neutral Sentiment: Formal filings and coverage — the GlobeNewswire filing and multiple outlets confirm the beat and provide detail on sequential results; useful for validating the quarter but largely reiterative. GlobeNewswire: Q1 Results
• Negative Sentiment: Analyst downgrade — Brean Capital cut CCBG from “buy” to “neutral,” which can pressure momentum and reduce near‑term buyer interest even after the beat.

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.