Capital City Bank Group (NASDAQ:CCBG) Cut to “Hold” at BidaskClub

BidaskClub cut shares of Capital City Bank Group (NASDAQ:CCBG) from a buy rating to a hold rating in a research note released on Wednesday, April 4th.

Several other equities research analysts have also recently weighed in on the stock. Sandler O’Neill set a $26.00 price target on shares of Capital City Bank Group and gave the stock a hold rating in a research report on Wednesday, March 28th. Zacks Investment Research cut shares of Capital City Bank Group from a strong-buy rating to a hold rating in a research report on Tuesday, February 27th. Keefe, Bruyette & Woods reiterated a hold rating and set a $27.00 price objective on shares of Capital City Bank Group in a research report on Wednesday, January 24th. Finally, Hovde Group upgraded shares of Capital City Bank Group from a market perform rating to an outperform rating and set a $26.50 price objective on the stock in a research report on Wednesday, January 24th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Capital City Bank Group presently has a consensus rating of Hold and a consensus price target of $26.63.

How to Become a New Pot Stock Millionaire

CCBG traded down $0.02 during trading hours on Wednesday, hitting $24.77. The company’s stock had a trading volume of 10,285 shares, compared to its average volume of 21,775. Capital City Bank Group has a 12 month low of $17.68 and a 12 month high of $26.50. The stock has a market capitalization of $426.31, a PE ratio of 28.44 and a beta of 0.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.78 and a current ratio of 0.78.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.24 earnings per share for the quarter. Capital City Bank Group had a net margin of 7.83% and a return on equity of 5.28%. The company had revenue of $34.39 million for the quarter. research analysts forecast that Capital City Bank Group will post 1.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 19th. Shareholders of record on Monday, March 5th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Friday, March 2nd. Capital City Bank Group’s dividend payout ratio (DPR) is 31.82%.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its position in Capital City Bank Group by 0.8% during the fourth quarter. BlackRock Inc. now owns 903,301 shares of the financial services provider’s stock valued at $20,722,000 after acquiring an additional 7,036 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Capital City Bank Group by 3.6% during the third quarter. Dimensional Fund Advisors LP now owns 769,157 shares of the financial services provider’s stock valued at $18,468,000 after acquiring an additional 26,903 shares during the last quarter. State Street Corp increased its position in Capital City Bank Group by 8.9% during the second quarter. State Street Corp now owns 227,241 shares of the financial services provider’s stock valued at $4,639,000 after acquiring an additional 18,499 shares during the last quarter. Boston Partners increased its position in Capital City Bank Group by 22.8% during the fourth quarter. Boston Partners now owns 158,600 shares of the financial services provider’s stock valued at $3,638,000 after acquiring an additional 29,400 shares during the last quarter. Finally, IFP Advisors Inc increased its position in Capital City Bank Group by 1,140.7% during the fourth quarter. IFP Advisors Inc now owns 147,477 shares of the financial services provider’s stock valued at $3,383,000 after acquiring an additional 135,590 shares during the last quarter. Institutional investors and hedge funds own 33.70% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece was originally published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.thelincolnianonline.com/2018/04/19/capital-city-bank-group-ccbg-rating-lowered-to-hold-at-bidaskclub.html.

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.

Receive News & Ratings for Capital City Bank Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital City Bank Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply