Capital City Bank Group (NASDAQ:CCBG) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a hold rating to a sell rating in a research note published on Saturday,Wall Street Zen reports.

CCBG has been the topic of a number of other reports. Keefe, Bruyette & Woods boosted their price target on shares of Capital City Bank Group from $52.00 to $54.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. Weiss Ratings raised Capital City Bank Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $51.75.

Capital City Bank Group Price Performance

NASDAQ:CCBG opened at $48.10 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.78. The company has a 50 day moving average price of $50.68 and a 200-day moving average price of $48.36. Capital City Bank Group has a 1-year low of $38.27 and a 1-year high of $53.60. The firm has a market cap of $822.99 million, a price-to-earnings ratio of 13.36 and a beta of 0.36.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The firm had revenue of $64.80 million for the quarter, compared to the consensus estimate of $64.25 million. Capital City Bank Group had a net margin of 21.37% and a return on equity of 11.11%. Equities research analysts forecast that Capital City Bank Group will post 3.69 EPS for the current year.

Capital City Bank Group Announces Dividend

The firm also recently declared 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 2.2%. Capital City Bank Group’s payout ratio is 30.00%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new stake in shares of Capital City Bank Group during the 2nd quarter worth $65,000. Globeflex Capital L P purchased a new position in Capital City Bank Group in the 2nd quarter worth approximately $144,000. The Manufacturers Life Insurance Company purchased a new position in Capital City Bank Group in the 2nd quarter worth approximately $208,000. Public Employees Retirement System of Ohio acquired a new stake in Capital City Bank Group in the second quarter valued at approximately $208,000. Finally, Cim Investment Management Inc. acquired a new stake in Capital City Bank Group in the second quarter valued at approximately $236,000. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

About Capital City Bank Group

Capital City Bank Group, Inc is a bank holding company headquartered in Tallahassee, Florida. Through its subsidiary, Capital City Bank, the company provides financial services to consumers, businesses, and institutions in North Florida and parts of Central Florida and Georgia.

Capital City Bank offers deposit products, checking and savings accounts, residential and commercial loans, mortgages, consumer financing, and other lending services. Its banking platform also includes online and mobile banking, treasury management, payment services, and other tools designed to support personal and business customers.

The company provides additional financial services through wealth management, trust, investment, and brokerage offerings.