Capital City Bank Group (NASDAQ:CCBG) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a sell rating to a hold rating in a report published on Saturday.

Several other equities research analysts also recently weighed in on CCBG. Brean Capital downgraded shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. Capital One Financial set a $49.50 price objective on shares of Capital City Bank Group in a report on Tuesday, April 21st. Keefe, Bruyette & Woods boosted their target price on Capital City Bank Group from $52.00 to $54.00 and gave the stock a “market perform” rating in a report on Wednesday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.75.

Capital City Bank Group Stock Performance

Shares of NASDAQ CCBG opened at $51.60 on Friday. Capital City Bank Group has a 12-month low of $38.00 and a 12-month high of $52.22. The company has a market cap of $882.36 million, a PE ratio of 14.33 and a beta of 0.31. The stock has a 50 day simple moving average of $47.84 and a 200-day simple moving average of $45.34. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. Capital City Bank Group had a return on equity of 11.20% and a net margin of 21.37%.The firm had revenue of $63.88 million for the quarter, compared to the consensus estimate of $64.25 million. On average, 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 Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.27 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.08 annualized dividend and a yield of 2.1%. Capital City Bank Group’s payout ratio is 30.00%.

Hedge Funds Weigh In On Capital City Bank Group

Hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC boosted its position in shares of Capital City Bank Group by 24.1% in the 1st quarter. AQR Capital Management LLC now owns 12,177 shares of the financial services provider’s stock valued at $438,000 after purchasing an additional 2,362 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Capital City Bank Group by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider’s stock worth $294,000 after buying an additional 327 shares during the period. Empowered Funds LLC raised its holdings in 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 buying an additional 2,115 shares during the period. Jane Street Group LLC acquired a new position in shares of Capital City Bank Group in the first quarter worth about $555,000. Finally, Rhumbline Advisers raised its holdings in shares of Capital City Bank Group by 4.7% during the second quarter. Rhumbline Advisers now owns 21,994 shares of the financial services provider’s stock valued at $865,000 after acquiring an additional 982 shares during the period. 44.59% of the stock is currently owned by institutional investors and hedge funds.

About Capital City Bank Group

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.