Capital City Bank Group (CCBG) Rating Increased to Hold at Zacks Investment Research

Capital City Bank Group (CCBG) Rating Increased to Hold at Zacks Investment Research

Capital City Bank Group (NASDAQ:CCBG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

According to Zacks, “Capital City Bank Group, Inc. is a financial holding company with banking subsidiaries and numerous indirect subsidiaries. The Banks are full service banks, engaged in the commercial and retail banking business, including accepting demand, savings and time deposits; extending credit; originating residential mortgage loans; and providing data processing services, asset management services, trust services, retail brokerage services and a broad range of other financial services to corporate and individual customers, governmental entities and correspondent banks. “

A number of other research analysts also recently commented on the company. Sandler O’Neill downgraded Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 21st. Hovde Group downgraded Capital City Bank Group from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $15.75 to $21.00 in a research report on Monday, November 28th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $17.67.

Shares of Capital City Bank Group (NASDAQ:CCBG) opened at 20.87 on Friday. The stock’s 50 day moving average is $18.91 and its 200-day moving average is $15.65. Capital City Bank Group has a one year low of $12.83 and a one year high of $23.15. The company has a market cap of $350.76 million, a PE ratio of 32.26 and a beta of 0.79.

Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results on Tuesday, October 25th. The financial services provider reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Capital City Bank Group had a return on equity of 4.01% and a net margin of 8.18%. Equities research analysts expect that Capital City Bank Group will post $0.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 19th. Investors of record on Monday, December 5th were given a $0.05 dividend. The ex-dividend date was Thursday, December 1st. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a yield of 0.96%. Capital City Bank Group’s dividend payout ratio (DPR) is currently 30.77%.

A number of hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of Capital City Bank Group by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 53,196 shares of the financial services provider’s stock worth $740,000 after buying an additional 375 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Capital City Bank Group during the second quarter worth about $104,000. Eagle Global Advisors LLC increased its stake in shares of Capital City Bank Group by 69.3% in the second quarter. Eagle Global Advisors LLC now owns 40,322 shares of the financial services provider’s stock worth $561,000 after buying an additional 16,500 shares in the last quarter. Heartland Advisors Inc. increased its stake in shares of Capital City Bank Group by 8.4% in the third quarter. Heartland Advisors Inc. now owns 739,451 shares of the financial services provider’s stock worth $10,922,000 after buying an additional 57,601 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in shares of Capital City Bank Group by 8.9% in the third quarter. BlackRock Fund Advisors now owns 311,575 shares of the financial services provider’s stock worth $4,602,000 after buying an additional 25,505 shares in the last quarter. Institutional investors own 29.52% of the company’s stock.

About Capital City Bank Group

Capital City Bank Group, Inc is a financial holding company. The Company provides a range of banking and banking-related services to individual and corporate clients through its subsidiary, Capital City Bank (the Bank), with banking offices located in Florida, Georgia and Alabama. The Company operates through commercial banking segment with over four principal services, including Banking Services, Data Processing Services, Trust and Asset Management Services, and Brokerage Services.

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