Capital City Bank Group (NASDAQ:CCBG – Get Free Report)’s stock price hit a new 52-week high on Thursday . The company traded as high as $49.50 and last traded at $48.6060, with a volume of 831 shares traded. The stock had previously closed at $48.07.
Wall Street Analyst Weigh In
CCBG has been the subject of several recent analyst reports. Brean Capital cut shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. Capital One Financial set a $49.50 target price on Capital City Bank Group in a research report on Tuesday, April 21st. Wall Street Zen lowered Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Keefe, Bruyette & Woods lifted their price target on Capital City Bank Group from $45.00 to $50.00 and gave the company a “market perform” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $49.75.
Read Our Latest Analysis on Capital City Bank Group
Capital City Bank Group Stock Down 0.1%
Capital City Bank Group (NASDAQ:CCBG – Get Free Report) last posted its quarterly earnings results on Monday, April 20th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.07. Capital City Bank Group had a return on equity of 11.10% and a net margin of 21.01%.The company had revenue of $62.75 million for the quarter, compared to analysts’ expectations of $63.25 million. As a group, research analysts predict that Capital City Bank Group will post 3.69 earnings per share for the current fiscal year.
Capital City Bank Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a yield of 2.2%. Capital City Bank Group’s dividend payout ratio (DPR) is currently 30.59%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in shares of Capital City Bank Group by 24.1% in the 1st quarter. AQR Capital Management LLC now owns 12,177 shares of the financial services provider’s stock valued at $438,000 after acquiring an additional 2,362 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Capital City Bank Group by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 327 shares in the last quarter. Empowered Funds LLC raised its stake in Capital City Bank Group by 8.1% during the 1st quarter. Empowered Funds LLC now owns 28,079 shares of the financial services provider’s stock valued at $1,010,000 after purchasing an additional 2,115 shares during the period. Jane Street Group LLC acquired a new stake in Capital City Bank Group during the 1st quarter valued at $555,000. Finally, Rhumbline Advisers lifted its holdings in shares of Capital City Bank Group by 4.7% in the second quarter. Rhumbline Advisers now owns 21,994 shares of the financial services provider’s stock valued at $865,000 after purchasing an additional 982 shares in the last quarter. 44.59% of the stock is owned by hedge funds and other institutional investors.
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.
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