Capital City Bank Group, Inc. (NASDAQ:CCBG) Receives $24.83 Consensus PT from Analysts

Capital City Bank Group, Inc. (NASDAQ:CCBG) has been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $24.83.

CCBG has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Capital City Bank Group from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Monday, July 6th. ValuEngine cut Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 23rd. BidaskClub cut Capital City Bank Group from a “hold” rating to a “sell” rating in a report on Thursday, September 3rd. Finally, DA Davidson started coverage on Capital City Bank Group in a research report on Wednesday, August 19th. They issued a “neutral” rating and a $22.50 target price on the stock.

Several large investors have recently made changes to their positions in CCBG. Bridgeway Capital Management Inc. grew its stake in shares of Capital City Bank Group by 4.9% during the 2nd quarter. Bridgeway Capital Management Inc. now owns 107,400 shares of the financial services provider’s stock worth $2,250,000 after acquiring an additional 5,000 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Capital City Bank Group by 8.8% in the second quarter. Nuveen Asset Management LLC now owns 54,356 shares of the financial services provider’s stock valued at $1,139,000 after buying an additional 4,397 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Capital City Bank Group by 2.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 34,500 shares of the financial services provider’s stock worth $723,000 after purchasing an additional 939 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Capital City Bank Group by 11.1% during the second quarter. Jacobs Levy Equity Management Inc. now owns 54,037 shares of the financial services provider’s stock worth $1,132,000 after buying an additional 5,392 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Capital City Bank Group by 4.2% during the 2nd quarter. Bank of America Corp DE now owns 76,608 shares of the financial services provider’s stock valued at $1,605,000 after buying an additional 3,115 shares in the last quarter. Institutional investors and hedge funds own 40.21% of the company’s stock.

CCBG stock opened at $19.95 on Friday. The stock has a fifty day moving average of $20.15 and a 200-day moving average of $20.05. The company has a market capitalization of $338.63 million, a price-to-earnings ratio of 11.15 and a beta of 0.88. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.88. Capital City Bank Group has a fifty-two week low of $15.61 and a fifty-two week high of $30.95.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.25. The business had revenue of $55.66 million for the quarter, compared to analyst estimates of $42.80 million. Capital City Bank Group had a return on equity of 9.29% and a net margin of 16.59%. Equities analysts predict that Capital City Bank Group will post 1.61 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, September 14th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.81%. The ex-dividend date is Friday, September 11th. Capital City Bank Group’s payout ratio is currently 30.60%.

About Capital City Bank Group

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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.

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