Capital City Bank Group (NASDAQ:CCBG) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Capital City Bank Group (NASDAQ:CCBG) from a buy rating to a hold rating in a report published on Monday.

Capital City Bank Group Stock Up 0.9 %

Shares of CCBG stock opened at $39.70 on Monday. The stock has a 50 day moving average of $36.28 and a 200 day moving average of $32.73. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The stock has a market cap of $672.68 million, a P/E ratio of 13.02 and a beta of 0.53. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The business had revenue of $68.84 million during the quarter, compared to analysts’ expectations of $54.40 million. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. As a group, sell-side analysts expect that Capital City Bank Group will post 3.05 EPS for the current year.

Capital City Bank Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Monday, December 9th. Capital City Bank Group’s dividend payout ratio (DPR) is presently 30.16%.

Insider Activity

In other news, Treasurer Thomas A. Barron sold 3,000 shares of Capital City Bank Group stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total value of $101,430.00. Following the sale, the treasurer now directly owns 140,681 shares of the company’s stock, valued at $4,756,424.61. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 19.40% of the company’s stock.

Institutional Trading of Capital City Bank Group

A number of institutional investors have recently made changes to their positions in CCBG. Wellington Management Group LLP acquired a new stake in shares of Capital City Bank Group in the third quarter worth approximately $5,673,000. American Century Companies Inc. boosted its stake in shares of Capital City Bank Group by 40.9% in the second quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider’s stock worth $3,201,000 after acquiring an additional 32,671 shares during the last quarter. Barclays PLC boosted its stake in shares of Capital City Bank Group by 46.8% in the third quarter. Barclays PLC now owns 53,402 shares of the financial services provider’s stock worth $1,883,000 after acquiring an additional 17,022 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Capital City Bank Group by 7.2% in the second quarter. Acadian Asset Management LLC now owns 175,117 shares of the financial services provider’s stock worth $4,978,000 after acquiring an additional 11,742 shares during the last quarter. Finally, Inspire Investing LLC acquired a new stake in shares of Capital City Bank Group in the third quarter worth approximately $414,000. 44.59% of the stock is owned by institutional investors and hedge funds.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking- related services to individual and corporate clients. The company 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.