Capital City Bank Group (CCBG) Lowered to “Market Perform” at Hovde Group
Hovde Group downgraded shares of Capital City Bank Group (NASDAQ:CCBG) from an outperform rating to a market perform rating in a report issued on Monday. They currently have $21.00 price target on the financial services provider’s stock, up from their previous price target of $15.75.
Separately, Zacks Investment Research upgraded shares of Capital City Bank Group from a sell rating to a hold rating in a research report on Wednesday, November 16th.
Shares of Capital City Bank Group (NASDAQ:CCBG) opened at 18.71 on Monday. The company has a 50 day moving average of $16.04 and a 200-day moving average of $14.95. The company has a market cap of $314.46 million, a PE ratio of 28.92 and a beta of 0.67. Capital City Bank Group has a 12-month low of $12.83 and a 12-month high of $19.68.
Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, October 25th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. Capital City Bank Group had a net margin of 8.18% and a return on equity of 4.01%. Equities research analysts anticipate that Capital City Bank Group will post $0.66 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Monday, December 5th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, December 1st. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.04. Capital City Bank Group’s dividend payout ratio is 24.62%.
A number of large investors have recently made changes to their positions in the company. Arcus Capital Partners LLC acquired a new stake in shares of Capital City Bank Group during the third quarter worth $473,000. Panagora Asset Management Inc. boosted its stake in Capital City Bank Group by 40.2% in the third quarter. Panagora Asset Management Inc. now owns 21,164 shares of the financial services provider’s stock worth $313,000 after buying an additional 6,069 shares during the last quarter. Northern Trust Corp boosted its stake in Capital City Bank Group by 1.5% in the third quarter. Northern Trust Corp now owns 130,400 shares of the financial services provider’s stock worth $1,926,000 after buying an additional 1,984 shares during the last quarter. California State Teachers Retirement System boosted its stake in Capital City Bank Group by 0.9% in the third quarter. California State Teachers Retirement System now owns 23,272 shares of the financial services provider’s stock worth $344,000 after buying an additional 200 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Capital City Bank Group during the third quarter worth approximately $102,000. Institutional investors and hedge funds own 29.52% of the company’s stock.
Capital City Bank Group Company Profile
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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