Capital City Bank Group (NASDAQ:CCBG) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Capital City Bank Group (NASDAQ:CCBG) from a hold rating to a sell rating in a research note published on Saturday.

A number of other brokerages have also issued reports on CCBG. Zacks Research lowered shares of Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Keefe, Bruyette & Woods lowered shares of Capital City Bank Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $47.00 to $45.00 in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a research note on Monday, December 29th. Finally, Capital One Financial set a $45.00 target price on Capital City Bank Group in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $45.00.

Capital City Bank Group Price Performance

CCBG opened at $42.53 on Friday. Capital City Bank Group has a twelve month low of $32.38 and a twelve month high of $46.83. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.08. The firm has a market cap of $725.99 million, a price-to-earnings ratio of 11.81 and a beta of 0.34. The company has a fifty day simple moving average of $43.21 and a 200 day simple moving average of $41.99.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, January 27th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.09). The business had revenue of $63.46 million for the quarter, compared to analysts’ expectations of $64.65 million. Capital City Bank Group had a return on equity of 11.69% and a net margin of 21.47%. Equities research analysts expect that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.04 annualized dividend and a yield of 2.4%. Capital City Bank Group’s dividend payout ratio (DPR) is currently 28.89%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in shares of Capital City Bank Group during the third quarter valued at approximately $28,000. Quarry LP acquired a new position in Capital City Bank Group during the 3rd quarter worth $38,000. CWM LLC grew its stake in shares of Capital City Bank Group by 140.7% in the third quarter. CWM LLC now owns 2,270 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 1,327 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Capital City Bank Group during the third quarter valued at $122,000. Finally, Raymond James Financial Inc. bought a new position in Capital City Bank Group in the 2nd quarter valued at about $150,000. 44.59% of the stock is owned by institutional investors and hedge funds.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.