Capital City Bank Group (NASDAQ:CCBG) Given New $54.00 Price Target at Keefe, Bruyette & Woods

Capital City Bank Group (NASDAQ:CCBG) had its price objective upped by Keefe, Bruyette & Woods from $52.00 to $54.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

A number of other research firms have also commented on CCBG. Capital One Financial set a $49.50 price target on Capital City Bank Group in a research report on Tuesday, April 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a report on Wednesday, June 24th. Wall Street Zen downgraded shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Finally, Brean Capital lowered shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Capital City Bank Group has an average rating of “Hold” and an average target price of $51.75.

Capital City Bank Group Stock Performance

Shares of CCBG opened at $50.93 on Wednesday. The firm has a market capitalization of $870.90 million, a P/E ratio of 14.15 and a beta of 0.31. Capital City Bank Group has a 52 week low of $38.00 and a 52 week high of $52.22. The stock has a 50 day moving average price of $47.62 and a two-hundred day moving average price of $45.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79.

Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The company had revenue of $63.88 million for the quarter, compared to analyst estimates of $64.25 million. Capital City Bank Group had a return on equity of 11.20% and a net margin of 21.37%. Equities analysts forecast that Capital City Bank Group will post 3.69 earnings per share for the current fiscal year.

Capital City Bank Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.27 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 annualized dividend and a dividend yield of 2.1%. Capital City Bank Group’s dividend payout ratio is currently 30.00%.

Institutional Trading of Capital City Bank Group

Hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC boosted its position in Capital City Bank Group by 24.1% in the first quarter. AQR Capital Management LLC now owns 12,177 shares of the financial services provider’s stock worth $438,000 after purchasing an additional 2,362 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Capital City Bank Group by 4.2% during the 1st 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. Empowered Funds LLC raised its stake in shares of Capital City Bank Group by 8.1% during the 1st quarter. Empowered Funds LLC now owns 28,079 shares of the financial services provider’s stock worth $1,010,000 after purchasing an additional 2,115 shares during the period. Jane Street Group LLC bought a new stake in shares of Capital City Bank Group during the 1st quarter worth $555,000. Finally, Rhumbline Advisers raised its stake in shares of Capital City Bank Group by 4.7% during the 2nd quarter. Rhumbline Advisers now owns 21,994 shares of the financial services provider’s stock worth $865,000 after purchasing an additional 982 shares during the period. 44.59% of the stock is currently owned by institutional investors.

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.