Capital City Bank Group (CCBG) Upgraded by BidaskClub to Buy

BidaskClub upgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a hold rating to a buy rating in a report published on Friday.

A number of other equities research analysts also recently issued reports on CCBG. Sandler O’Neill set a $26.00 price target on shares of Capital City Bank Group and gave the company a hold rating in a research note on Wednesday, March 28th. FIG Partners reaffirmed a market-perform rating on shares of Capital City Bank Group in a research note on Monday, April 23rd. ValuEngine downgraded shares of Capital City Bank Group from a buy rating to a hold rating in a research note on Thursday, April 26th. Finally, Zacks Investment Research downgraded shares of Capital City Bank Group from a hold rating to a sell rating in a research note on Monday, May 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $26.63.

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Capital City Bank Group opened at $24.54 on Friday, Marketbeat.com reports. The firm has a market cap of $416.39 million, a P/E ratio of 25.19 and a beta of 0.72. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.23. Capital City Bank Group has a 52-week low of $19.76 and a 52-week high of $26.50.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Monday, April 23rd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.05). The business had revenue of $34.24 million for the quarter. Capital City Bank Group had a net margin of 9.84% and a return on equity of 5.77%. equities research analysts predict that Capital City Bank Group will post 1.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 25th. Shareholders of record on Monday, June 11th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Friday, June 8th. Capital City Bank Group’s dividend payout ratio (DPR) is 31.82%.

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $23.27, for a total transaction of $116,350.00. Following the transaction, the treasurer now owns 131,507 shares in the company, valued at $3,060,167.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 24.31% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its position in Capital City Bank Group by 2.5% during the first quarter. Russell Investments Group Ltd. now owns 134,690 shares of the financial services provider’s stock valued at $3,333,000 after acquiring an additional 3,300 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Capital City Bank Group by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 816,412 shares of the financial services provider’s stock valued at $20,206,000 after acquiring an additional 26,860 shares during the last quarter. California Public Employees Retirement System increased its position in Capital City Bank Group by 8.1% during the first quarter. California Public Employees Retirement System now owns 39,115 shares of the financial services provider’s stock valued at $968,000 after acquiring an additional 2,915 shares during the last quarter. Teton Advisors Inc. bought a new position in Capital City Bank Group during the first quarter valued at $2,044,000. Finally, Boston Partners increased its position in Capital City Bank Group by 1.8% during the first quarter. Boston Partners now owns 161,500 shares of the financial services provider’s stock valued at $3,997,000 after acquiring an additional 2,900 shares during the last quarter. Institutional investors and hedge funds own 37.20% 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.