Capital City Bank Group (NASDAQ:CCBG) Price Target Raised to $54.00

Capital City Bank Group (NASDAQ:CCBG) had its price objective boosted by Keefe, Bruyette & Woods from $52.00 to $54.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Several other research firms also recently commented on CCBG. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a report on Wednesday, June 24th. Wall Street Zen cut shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Brean Capital downgraded shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. Finally, Capital One Financial set a $49.50 price target on shares of Capital City Bank Group in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $51.75.

Capital City Bank Group Stock Performance

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

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $64.25 million. On average, equities analysts expect that Capital City Bank Group will post 3.69 EPS for the current fiscal year.

Capital City Bank Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Monday, June 1st. Capital City Bank Group’s dividend payout ratio is currently 30.00%.

Hedge Funds Weigh In On Capital City Bank Group

Several large investors have recently added to or reduced their stakes in CCBG. Dimensional Fund Advisors LP boosted its position in shares of Capital City Bank Group by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 882,114 shares of the financial services provider’s stock worth $38,337,000 after purchasing an additional 3,468 shares during the period. Wellington Management Group LLP raised its position in shares of Capital City Bank Group by 32.4% during the 4th quarter. Wellington Management Group LLP now owns 547,871 shares of the financial services provider’s stock valued at $23,323,000 after purchasing an additional 133,923 shares during the period. Bank of America Corp DE raised its position in shares of Capital City Bank Group by 997.3% during the 3rd quarter. Bank of America Corp DE now owns 192,495 shares of the financial services provider’s stock valued at $8,044,000 after purchasing an additional 174,953 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Capital City Bank Group by 6.3% during the 1st quarter. Renaissance Technologies LLC now owns 174,871 shares of the financial services provider’s stock valued at $7,600,000 after buying an additional 10,400 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Capital City Bank Group by 45.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 86,575 shares of the financial services provider’s stock valued at $3,685,000 after buying an additional 26,999 shares in the last quarter. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Company Profile

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.