Capital City Bank Group, Inc. (NASDAQ:CCBG) Receives $36.80 Consensus Target Price from Brokerages

Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG - Get Free Report) have earned an average recommendation of "Hold" from the five brokerages that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $36.80.

A number of research analysts recently issued reports on the company. StockNews.com downgraded Capital City Bank Group from a "buy" rating to a "hold" rating in a report on Monday, December 2nd. Keefe, Bruyette & Woods lifted their price objective on Capital City Bank Group from $39.00 to $43.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th.

Capital City Bank Group Trading Down 0.8 %

Shares of Capital City Bank Group stock traded down $0.30 on Thursday, hitting $39.30. The stock had a trading volume of 17,512 shares, compared to its average volume of 31,308. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. Capital City Bank Group has a one year low of $25.45 and a one year high of $40.86. The stock's 50-day simple moving average is $36.95 and its two-hundred day simple moving average is $33.26. The stock has a market cap of $665.90 million, a price-to-earnings ratio of 12.90 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.01. The business had revenue of $68.84 million for the quarter, compared to analyst estimates of $54.40 million. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%. As a group, sell-side analysts predict that Capital City Bank Group will post 3.05 EPS for the current year.

Capital City Bank Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a dividend of $0.23 per share. The ex-dividend date is Monday, December 9th. This represents a $0.92 annualized dividend and a yield of 2.34%. Capital City Bank Group's payout ratio is 30.16%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Capital City Bank Group in the 3rd quarter worth about $35,000. Blue Trust Inc. increased its stake in shares of Capital City Bank Group by 1,482.3% during the third quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider's stock valued at $148,000 after purchasing an additional 3,928 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Capital City Bank Group during the third quarter valued at approximately $184,000. FMR LLC lifted its holdings in shares of Capital City Bank Group by 48.5% during the third quarter. FMR LLC now owns 6,630 shares of the financial services provider's stock valued at $234,000 after purchasing an additional 2,164 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Capital City Bank Group in the 3rd quarter worth approximately $235,000. Hedge funds and other institutional investors own 44.59% of the company's stock.

About Capital City Bank Group

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.