Capital City Bank Group (NASDAQ:CCBG) Upgraded at StockNews.com

StockNews.com upgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a hold rating to a buy rating in a research report released on Tuesday morning.

Separately, Keefe, Bruyette & Woods increased their target price on Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, January 31st.

Capital City Bank Group Price Performance

Shares of CCBG stock opened at $39.04 on Tuesday. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $40.86. The company has a market capitalization of $665.83 million, a PE ratio of 12.51 and a beta of 0.33. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The firm has a fifty day simple moving average of $35.82 and a 200-day simple moving average of $36.69.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Monday, April 21st. The financial services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.24. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. The company had revenue of $61.45 million during the quarter, compared to the consensus estimate of $59.75 million. During the same period last year, the firm earned $0.74 earnings per share. Equities research analysts anticipate that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.96 annualized dividend and a yield of 2.46%. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.23. Capital City Bank Group’s dividend payout ratio is presently 28.49%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Capital City Bank Group by 80.1% during the third quarter. JPMorgan Chase & Co. now owns 87,396 shares of the financial services provider’s stock worth $3,084,000 after purchasing an additional 38,876 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Capital City Bank Group by 15.4% during the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 645 shares during the period. Barclays PLC lifted its position in shares of Capital City Bank Group by 46.8% in the 3rd quarter. Barclays PLC now owns 53,402 shares of the financial services provider’s stock worth $1,883,000 after buying an additional 17,022 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Capital City Bank Group in the 4th quarter valued at about $647,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Capital City Bank Group by 42.7% in the 4th quarter. Bank of New York Mellon Corp now owns 77,207 shares of the financial services provider’s stock valued at $2,830,000 after buying an additional 23,113 shares during the period. Institutional investors and hedge funds own 44.59% of the company’s stock.

About Capital City Bank Group

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking- related services to individual and corporate clients. The company 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.