Capital City Bank Group (NASDAQ:CCBG) Price Target Raised to $45.00 at Keefe, Bruyette & Woods

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 report sent to investors on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the financial services provider's stock.

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

Capital City Bank Group Stock Performance

Shares of Capital City Bank Group stock traded down $0.52 during trading on Wednesday, hitting $40.42. 18,947 shares of the company's stock were exchanged, compared to its average volume of 43,274. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.83 and a current ratio of 0.83. The business has a 50-day simple moving average of $39.03 and a 200-day simple moving average of $37.14. Capital City Bank Group has a 52-week low of $30.99 and a 52-week high of $42.33. The stock has a market capitalization of $689.36 million, a price-to-earnings ratio of 11.82 and a beta of 0.36.

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

Capital City Bank Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.96 dividend on an annualized basis and a yield of 2.38%. Capital City Bank Group's payout ratio is presently 28.07%.

Institutional Trading of Capital City Bank Group

A number of hedge funds and other institutional investors have recently made changes to their positions in CCBG. Tower Research Capital LLC TRC increased its holdings in shares of Capital City Bank Group by 53.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider's stock worth $29,000 after buying an additional 277 shares during the last quarter. US Bancorp DE increased its holdings in shares of Capital City Bank Group by 224.7% during the 1st quarter. US Bancorp DE now owns 1,143 shares of the financial services provider's stock worth $41,000 after buying an additional 791 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Capital City Bank Group by 30.9% during the 4th quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider's stock worth $68,000 after buying an additional 442 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Capital City Bank Group by 8,208.6% during the 1st quarter. GAMMA Investing LLC now owns 4,819 shares of the financial services provider's stock worth $173,000 after buying an additional 4,761 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Capital City Bank Group during the 4th quarter worth approximately $235,000. 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.