Capital City Bank Group (NASDAQ:CCBG) Cut to Sell at Wall Street Zen

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

Several other equities research analysts also recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a research report on Monday, December 29th. Zacks Research downgraded Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods lowered Capital City Bank Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $47.00 to $45.00 in a research note on Wednesday, January 28th. Finally, Capital One Financial set a $45.00 price target on Capital City Bank Group in a report on Wednesday, January 28th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Capital City Bank Group currently has an average rating of “Hold” and an average price target of $45.00.

Capital City Bank Group Price Performance

Shares of CCBG opened at $43.32 on Friday. The firm has a market capitalization of $742.94 million, a PE ratio of 12.03 and a beta of 0.32. The company’s 50-day moving average is $42.86 and its 200-day moving average is $42.37. Capital City Bank Group has a fifty-two week low of $32.38 and a fifty-two week high of $46.83. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.82.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, January 27th. The financial services provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.09). The company had revenue of $63.46 million for the quarter, compared to the consensus estimate of $64.65 million. Capital City Bank Group had a return on equity of 11.55% and a net margin of 21.47%. Equities analysts forecast that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were issued a $0.27 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.08 dividend on an annualized basis and a yield of 2.5%. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.26. Capital City Bank Group’s payout ratio is presently 30.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CCBG. State of Alaska Department of Revenue acquired a new stake in shares of Capital City Bank Group in the third quarter valued at approximately $28,000. Quarry LP bought a new stake in shares of Capital City Bank Group in the third quarter valued at approximately $38,000. CWM LLC grew its position in Capital City Bank Group by 140.7% during the third quarter. CWM LLC now owns 2,270 shares of the financial services provider’s stock worth $95,000 after buying an additional 1,327 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Capital City Bank Group during the third quarter worth approximately $122,000. Finally, Raymond James Financial Inc. bought a new position in Capital City Bank Group during the 2nd quarter worth $150,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

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.