Capital City Bank Group (NASDAQ:CCBG – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $53.60 and last traded at $52.9950, with a volume of 19744 shares changing hands. The stock had previously closed at $52.30.
Wall Street Analysts Forecast Growth
A number of research firms have commented on CCBG. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a research note on Wednesday, June 24th. Keefe, Bruyette & Woods upped their price target on shares of Capital City Bank Group from $52.00 to $54.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Capital One Financial set a $49.50 price target on Capital City Bank Group in a research note on Tuesday, April 21st. Wall Street Zen upgraded Capital City Bank Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Brean Capital cut shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $51.75.
Read Our Latest Stock Analysis on Capital City Bank Group
Capital City Bank Group Price Performance
Capital City Bank Group (NASDAQ:CCBG – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. Capital City Bank Group had a net margin of 21.37% and a return on equity of 11.11%. The company had revenue of $64.80 million during the quarter, compared to the consensus estimate of $64.25 million. Research analysts expect that Capital City Bank Group will post 3.69 earnings per share for the current year.
Capital City Bank Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, June 1st. Capital City Bank Group’s dividend payout ratio is presently 30.00%.
Institutional Trading of Capital City Bank Group
A number of hedge funds have recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Capital City Bank Group in the third quarter valued at approximately $38,000. Raymond James Financial Inc. acquired a new stake in Capital City Bank Group during the 2nd quarter worth approximately $150,000. Tower Research Capital LLC TRC grew its holdings in Capital City Bank Group by 1,282.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,106 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 3,809 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Capital City Bank Group by 11.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 4,200 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 420 shares during the last quarter. Finally, Vident Advisory LLC acquired a new position in Capital City Bank Group in the 2nd quarter valued at approximately $201,000. 44.59% of the stock is owned by institutional investors and hedge funds.
About Capital City Bank Group
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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