Brokerages Set Capital City Bank Group, Inc. (NASDAQ:CCBG) PT at $36.80

Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) have been assigned a consensus recommendation of “Hold” from the five research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $36.80.

Several research analysts have recently commented on CCBG shares. Keefe, Bruyette & Woods lifted their target price on Capital City Bank Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com cut shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Monday, December 2nd.

Institutional Trading of Capital City Bank Group

Several institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new position in shares of Capital City Bank Group during the 3rd quarter worth approximately $5,673,000. American Century Companies Inc. grew its position in Capital City Bank Group by 40.9% during the second quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider’s stock worth $3,201,000 after buying an additional 32,671 shares in the last quarter. Barclays PLC grew its position in Capital City Bank Group by 46.8% during the third quarter. Barclays PLC now owns 53,402 shares of the financial services provider’s stock worth $1,883,000 after buying an additional 17,022 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Capital City Bank Group by 7.2% during the 2nd quarter. Acadian Asset Management LLC now owns 175,117 shares of the financial services provider’s stock valued at $4,978,000 after acquiring an additional 11,742 shares during the period. Finally, Inspire Investing LLC acquired a new stake in shares of Capital City Bank Group during the 3rd quarter worth $414,000. 44.59% of the stock is currently owned by institutional investors.

Capital City Bank Group Stock Performance

Shares of CCBG stock opened at $38.86 on Thursday. The stock has a market cap of $658.44 million, a P/E ratio of 12.74 and a beta of 0.56. The company has a fifty day moving average price of $37.17 and a two-hundred day moving average price of $33.43. Capital City Bank Group has a one year low of $25.45 and a one year high of $40.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 EPS for the quarter, topping 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, equities analysts predict that Capital City Bank Group will post 3.05 EPS for the current year.

Capital City Bank Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.23 per share. The ex-dividend date is Monday, December 9th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.37%. Capital City Bank Group’s dividend payout ratio (DPR) is currently 30.16%.

About Capital City Bank Group

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.