Capital City Bank Group (NASDAQ:CCBG) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a sell rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Several other analysts have also recently weighed in on the company. Weiss Ratings raised Capital City Bank Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Keefe, Bruyette & Woods upped their price target on shares of Capital City Bank Group from $52.00 to $54.00 and gave the company a “market perform” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $51.75.

Capital City Bank Group Trading Up 0.1%

NASDAQ:CCBG opened at $50.53 on Friday. The stock’s fifty day moving average price is $50.07 and its two-hundred day moving average price is $48.77. The company has a market cap of $864.57 million, a P/E ratio of 13.81 and a beta of 0.36. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.78. Capital City Bank Group has a 1 year low of $38.55 and a 1 year high of $53.60.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, October 20th. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.94 by $0.05. Capital City Bank Group had a return on equity of 11.18% and a net margin of 21.85%. The business had revenue of $64.39 million during the quarter, compared to the consensus estimate of $65.50 million. As a group, analysts expect that Capital City Bank Group will post 3.69 EPS for the current year.

Capital City Bank Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were issued a $0.27 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $1.08 annualized dividend and a yield of 2.1%. Capital City Bank Group’s dividend payout ratio is 29.51%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Capital City Trust Co. FL lifted its position in Capital City Bank Group by 64.2% during the third quarter. Capital City Trust Co. FL now owns 23,705 shares of the financial services provider’s stock valued at $1,146,000 after buying an additional 9,268 shares during the period. Nisa Investment Advisors LLC lifted its position in Capital City Bank Group by 42.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 760 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 225 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. boosted its position in shares of Capital City Bank Group by 1.9% during the third quarter. Murphy Middleton Hinkle & Parker Inc. now owns 148,688 shares of the financial services provider’s stock valued at $7,186,000 after buying an additional 2,743 shares during the last quarter. Cim Investment Management Inc. purchased a new stake in shares of Capital City Bank Group during the 2nd quarter valued at about $236,000. Finally, Susquehanna Fundamental Investments LLC boosted its holdings in Capital City Bank Group by 10.8% in the second quarter. Susquehanna Fundamental Investments LLC now owns 14,404 shares of the financial services provider’s stock worth $712,000 after purchasing an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a financial holding company headquartered in Tallahassee, Florida. Through its principal subsidiary, Capital City Bank, the company provides banking and financial services to individuals, businesses, and public-sector organizations.

Its offerings include consumer and commercial deposit accounts, business and personal lending, mortgage services, cash-management solutions, online and mobile banking, and wealth-management services. The company also provides trust and investment services through its banking operations.

Founded in 1895, Capital City Bank Group has developed a community-banking network serving markets in North Florida and Georgia, including the Tallahassee area.