Keefe, Bruyette & Woods Issues Positive Forecast for Capital City Bank Group (NASDAQ:CCBG) Stock Price

Capital City Bank Group (NASDAQ:CCBG - Free Report) had its price target increased by Keefe, Bruyette & Woods from $43.00 to $45.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an outperform rating on the financial services provider's stock.

Separately, Wall Street Zen lowered Capital City Bank Group from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st.

Capital City Bank Group Price Performance

CCBG traded down $0.72 during trading on Wednesday, reaching $40.94. The company's stock had a trading volume of 31,608 shares, compared to its average volume of 43,246. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $39.00 and a two-hundred day simple moving average of $37.09. The company has a market cap of $698.44 million, a price-to-earnings ratio of 11.97 and a beta of 0.36. Capital City Bank Group has a 1 year low of $30.99 and a 1 year high of $42.33.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.83 by $0.05. The business had revenue of $63.20 million for the quarter, compared to analyst estimates of $62.35 million. Capital City Bank Group had a return on equity of 11.74% and a net margin of 20.86%. During the same quarter in the prior year, the company posted $0.83 EPS. As a group, analysts anticipate that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Monday, June 9th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Monday, June 9th. Capital City Bank Group's dividend payout ratio is currently 28.07%.

Institutional Trading of Capital City Bank Group

Hedge funds have recently added to or reduced their stakes in the company. Inspire Investing LLC raised its holdings in shares of Capital City Bank Group by 7.8% in the 2nd quarter. Inspire Investing LLC now owns 33,117 shares of the financial services provider's stock valued at $1,303,000 after purchasing an additional 2,393 shares in the last quarter. KLP Kapitalforvaltning AS raised its stake in Capital City Bank Group by 18.9% in the second quarter. KLP Kapitalforvaltning AS now owns 20,100 shares of the financial services provider's stock valued at $791,000 after buying an additional 3,200 shares in the last quarter. Jane Street Group LLC purchased a new stake in Capital City Bank Group during the 1st quarter worth about $555,000. Empowered Funds LLC boosted its position in shares of Capital City Bank Group by 8.1% during the 1st quarter. Empowered Funds LLC now owns 28,079 shares of the financial services provider's stock worth $1,010,000 after acquiring an additional 2,115 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Capital City Bank Group by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider's stock valued at $294,000 after acquiring an additional 327 shares during the last quarter. Institutional investors and hedge funds own 44.59% of the company's stock.

Capital City Bank Group Company Profile

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.