Capital City Bank Group (NASDAQ:CCBG) Cut to Hold at StockNews.com

StockNews.com lowered shares of Capital City Bank Group (NASDAQ:CCBG) from a buy rating to a hold rating in a report released on Friday.

Separately, Keefe, Bruyette & Woods increased their price objective on Capital City Bank Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th.

Capital City Bank Group Price Performance

Shares of CCBG opened at $36.38 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. Capital City Bank Group has a fifty-two week low of $25.45 and a fifty-two week high of $40.86. The firm has a 50-day simple moving average of $37.34 and a 200-day simple moving average of $35.32. The company has a market capitalization of $616.28 million, a price-to-earnings ratio of 11.93 and a beta of 0.56.

Capital City Bank Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.53%. The ex-dividend date was Monday, December 9th. Capital City Bank Group’s payout ratio is 30.16%.

Institutional Trading of Capital City Bank Group

Several hedge funds have recently modified their holdings of CCBG. American Century Companies Inc. grew its holdings 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 acquiring an additional 32,671 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Capital City Bank Group by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 867,642 shares of the financial services provider’s stock worth $24,675,000 after purchasing an additional 4,606 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Capital City Bank Group by 4.0% during the 2nd quarter. Renaissance Technologies LLC now owns 206,871 shares of the financial services provider’s stock worth $5,883,000 after purchasing an additional 8,000 shares during the period. SG Americas Securities LLC purchased a new position in shares of Capital City Bank Group in the 3rd quarter valued at about $184,000. Finally, Inspire Investing LLC acquired a new position in Capital City Bank Group during the third quarter worth about $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.