ValuEngine Lowers Capital City Bank Group (CCBG) to Hold

ValuEngine lowered shares of Capital City Bank Group (NASDAQ:CCBG) from a buy rating to a hold rating in a research report report published on Wednesday morning.

Other research analysts have also recently issued research reports about the company. BidaskClub upgraded Capital City Bank Group from a hold rating to a buy rating in a research report on Thursday, November 15th. Zacks Investment Research upgraded Capital City Bank Group from a hold rating to a buy rating and set a $27.00 target price on the stock in a research report on Tuesday, August 14th. Finally, Stephens reiterated a hold rating and issued a $25.00 target price on shares of Capital City Bank Group in a research report on Friday, October 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $26.80.

Capital City Bank Group stock opened at $24.58 on Wednesday. Capital City Bank Group has a 12-month low of $19.92 and a 12-month high of $26.95. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $418.62 million, a price-to-earnings ratio of 20.97 and a beta of 0.63.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, October 23rd. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.33. Capital City Bank Group had a return on equity of 6.84% and a net margin of 12.10%. The firm had revenue of $36.93 million for the quarter, compared to analysts’ expectations of $36.10 million. As a group, equities analysts anticipate that Capital City Bank Group will post 1.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Friday, November 30th. Capital City Bank Group’s dividend payout ratio is presently 40.91%.

In other news, Treasurer Thomas A. Barron sold 2,041 shares of Capital City Bank Group stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $25.15, for a total transaction of $51,331.15. Following the sale, the treasurer now directly owns 123,466 shares of the company’s stock, valued at $3,105,169.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Thomas A. Barron sold 5,000 shares of Capital City Bank Group stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $23.99, for a total value of $119,950.00. Following the sale, the treasurer now directly owns 130,507 shares in the company, valued at $3,130,862.93. The disclosure for this sale can be found here. Company insiders own 24.31% of the company’s stock.

Several hedge funds have recently made changes to their positions in CCBG. IFP Advisors Inc boosted its stake in shares of Capital City Bank Group by 109.6% during the third quarter. IFP Advisors Inc now owns 384,371 shares of the financial services provider’s stock valued at $8,971,000 after purchasing an additional 201,029 shares in the last quarter. Columbia Partners L.L.C. Investment Management acquired a new stake in shares of Capital City Bank Group during the third quarter valued at about $889,000. Dimensional Fund Advisors LP boosted its stake in shares of 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 valued at $20,162,000 after purchasing an additional 36,799 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of 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 valued at $5,423,000 after purchasing an additional 36,718 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Capital City Bank Group by 84.1% during the third quarter. First Trust Advisors LP now owns 44,362 shares of the financial services provider’s stock valued at $1,035,000 after purchasing an additional 20,270 shares in the last quarter. 38.42% of the stock is currently owned by hedge funds and other institutional investors.

About Capital City Bank Group

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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