Capital City Bank Group (CCBG) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Capital City Bank Group (NASDAQ:CCBG) from a buy rating to a hold rating in a research note published on Wednesday.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Capital City Bank Group from a hold rating to a sell rating in a research note on Friday, November 16th. BidaskClub raised Capital City Bank Group from a hold rating to a buy rating in a research note on Thursday, November 15th. Finally, Stephens reissued a hold rating and issued a $25.00 price target on shares of Capital City Bank Group in a research note on Friday, October 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $26.80.

Capital City Bank Group stock opened at $24.58 on Wednesday. Capital City Bank Group has a one year low of $19.92 and a one year high of $26.95. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $418.62 million, a P/E ratio of 20.97 and a beta of 0.63.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. Capital City Bank Group had a return on equity of 6.84% and a net margin of 12.10%. The firm had revenue of $36.93 million for the quarter, compared to analyst estimates of $36.10 million. Equities analysts predict that Capital City Bank Group will post 1.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, November 30th. Capital City Bank Group’s dividend payout ratio (DPR) is presently 40.91%.

In other news, Treasurer Thomas A. Barron sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $23.99, for a total transaction of $119,950.00. Following the completion of the sale, the treasurer now owns 130,507 shares in the company, valued at $3,130,862.93. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Treasurer Thomas A. Barron sold 2,041 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $25.15, for a total value of $51,331.15. Following the sale, the treasurer now owns 123,466 shares of the company’s stock, valued at approximately $3,105,169.90. The disclosure for this sale can be found here. 24.31% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Capital City Bank Group by 0.4% during the third quarter. BlackRock Inc. now owns 913,691 shares of the financial services provider’s stock valued at $21,325,000 after acquiring an additional 3,844 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Capital City Bank Group by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 877,610 shares of the financial services provider’s stock valued at $20,483,000 after acquiring an additional 24,399 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Capital City Bank Group by 109.6% during the third quarter. IFP Advisors Inc now owns 384,371 shares of the financial services provider’s stock valued at $8,971,000 after acquiring an additional 201,029 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Capital City Bank Group by 19.0% during the second quarter. Renaissance Technologies LLC now owns 229,517 shares of the financial services provider’s stock valued at $5,423,000 after acquiring an additional 36,718 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Capital City Bank Group by 9.5% during the second quarter. Bank of America Corp DE now owns 226,695 shares of the financial services provider’s stock valued at $5,356,000 after acquiring an additional 19,607 shares in the last quarter. Hedge funds and other institutional investors own 38.42% of the company’s stock.

About Capital City Bank Group

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It offers financing for commercial business properties, equipment, inventories, and accounts receivable, as well as commercial leasing and letters of credit; treasury management services; and merchant credit card transaction processing services.

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