Capital City Bank Group (NASDAQ:CCBG) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Capital City Bank Group (NASDAQ:CCBG - Free Report) from a buy rating to a hold rating in a research report report published on Wednesday morning.

Separately, Keefe, Bruyette & Woods lifted their target price on shares of Capital City Bank Group from $43.00 to $44.00 and gave the company an "outperform" rating in a report on Friday, January 31st.

Capital City Bank Group Stock Down 1.0%

Shares of NASDAQ CCBG traded down $0.36 during mid-day trading on Wednesday, hitting $37.24. 16,605 shares of the stock traded hands, compared to its average volume of 29,496. The stock has a fifty day moving average price of $36.17 and a 200-day moving average price of $36.78. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The company has a market cap of $635.13 million, a price-to-earnings ratio of 11.94 and a beta of 0.33. Capital City Bank Group has a 52 week low of $25.45 and a 52 week high of $40.86.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last released its earnings results on Monday, April 21st. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.24. The firm had revenue of $61.45 million for the quarter, compared to the consensus estimate of $59.75 million. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. During the same period in the prior year, the firm earned $0.74 EPS. Research analysts anticipate that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.24 dividend. This is a boost from Capital City Bank Group's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.58%. Capital City Bank Group's payout ratio is presently 28.49%.

Institutional Trading of Capital City Bank Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC increased its position in shares of Capital City Bank Group by 46.8% during the third quarter. Barclays PLC now owns 53,402 shares of the financial services provider's stock valued at $1,883,000 after acquiring an additional 17,022 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Capital City Bank Group by 72.2% in the 4th quarter. SG Americas Securities LLC now owns 8,997 shares of the financial services provider's stock worth $330,000 after purchasing an additional 3,772 shares during the period. Blue Trust Inc. grew its position in shares of Capital City Bank Group by 15.4% during the 4th quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider's stock valued at $171,000 after acquiring an additional 645 shares during the period. Empowered Funds LLC grew its holdings in Capital City Bank Group by 4.7% during the fourth quarter. Empowered Funds LLC now owns 25,964 shares of the financial services provider's stock valued at $952,000 after purchasing an additional 1,155 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Capital City Bank Group by 42.7% during the fourth 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 purchasing an additional 23,113 shares in the last quarter. 44.59% of the stock is currently owned by institutional investors.

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.