Capital City Bank Group (NASDAQ:CCBG) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of Capital City Bank Group (NASDAQ:CCBG) from a buy rating to a hold rating in a research report report published on Friday, September 14th.

Other analysts also recently issued reports about the company. ValuEngine upgraded Capital City Bank Group from a hold rating to a buy rating in a research report on Friday, July 20th. Zacks Investment Research upgraded Capital City Bank Group from a hold rating to a buy rating and set a $27.00 price objective on the stock in a research report on Tuesday, August 14th. Hovde Group restated a buy rating and issued a $29.00 price objective on shares of Capital City Bank Group in a research report on Friday, August 3rd. Stephens restated a hold rating and issued a $26.00 price objective on shares of Capital City Bank Group in a research report on Tuesday, July 31st. Finally, Keefe, Bruyette & Woods reiterated a hold rating and issued a $27.00 target price on shares of Capital City Bank Group in a research note on Thursday, July 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $27.00.

CCBG traded up $0.28 during trading on Friday, reaching $23.84. 15,600 shares of the stock were exchanged, compared to its average volume of 20,798. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $398.08 million, a price-to-earnings ratio of 26.72 and a beta of 0.67. Capital City Bank Group has a 1 year low of $20.22 and a 1 year high of $26.50.

Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results on Tuesday, July 24th. The financial services provider reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. Capital City Bank Group had a return on equity of 6.55% and a net margin of 11.38%. The company had revenue of $35.31 million for the quarter, compared to the consensus estimate of $35.10 million. On average, analysts predict that Capital City Bank Group will post 1.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th were paid a $0.09 dividend. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 1.51%. The ex-dividend date was Friday, August 31st. Capital City Bank Group’s dividend payout ratio is presently 40.91%.

In related news, Treasurer Thomas A. Barron sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $23.99, for a total value of $119,950.00. Following the completion of the transaction, the treasurer now directly owns 130,507 shares in the company, valued at $3,130,862.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 24.31% of the company’s stock.

A number of large investors have recently made changes to their positions in CCBG. Teton Advisors Inc. acquired a new stake in Capital City Bank Group during the first quarter worth about $2,044,000. Dalton Greiner Hartman Maher & Co. increased its stake in Capital City Bank Group by 70.5% during the second quarter. Dalton Greiner Hartman Maher & Co. now owns 96,493 shares of the financial services provider’s stock worth $2,280,000 after acquiring an additional 39,887 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Capital City Bank Group by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 853,211 shares of the financial services provider’s stock worth $20,162,000 after acquiring an additional 36,799 shares during the last quarter. Renaissance Technologies LLC increased its stake in Capital City Bank Group by 19.0% during the second quarter. Renaissance Technologies LLC now owns 229,517 shares of the financial services provider’s stock worth $5,423,000 after acquiring an additional 36,718 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in Capital City Bank Group by 24.3% during the second quarter. IFP Advisors Inc now owns 183,342 shares of the financial services provider’s stock worth $4,332,000 after acquiring an additional 35,860 shares during the last quarter. Institutional investors own 37.34% of the company’s stock.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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.

Featured Story: Short Selling Stocks, A Beginner’s Guide

Receive News & Ratings for Capital City Bank Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital City Bank Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply