Brokerages Set Capital City Bank Group, Inc. (NASDAQ:CCBG) Price Target at $35.80

Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG - Get Free Report) have been assigned an average rating of "Hold" from the five brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $35.80.

Several brokerages have recently weighed in on CCBG. Hovde Group lifted their price target on shares of Capital City Bank Group from $30.00 to $37.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 24th. Piper Sandler lowered shares of Capital City Bank Group from an "overweight" rating to a "neutral" rating and upped their price target for the stock from $30.00 to $34.00 in a research report on Monday, July 29th. StockNews.com upgraded shares of Capital City Bank Group from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods upped their target price on shares of Capital City Bank Group from $37.00 to $38.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th.

Insider Activity

In related news, Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the sale, the treasurer now owns 140,681 shares of the company's stock, valued at $4,756,424.61. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 19.40% of the company's stock.

Institutional Trading of Capital City Bank Group

Institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP purchased a new position in shares of Capital City Bank Group in the third quarter worth $5,673,000. American Century Companies Inc. raised its stake in Capital City Bank Group by 40.9% in the 2nd quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider's stock worth $3,201,000 after acquiring an additional 32,671 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in Capital City Bank Group during the 1st quarter worth about $585,000. Barclays PLC grew its stake in Capital City Bank Group by 46.8% during the 3rd quarter. Barclays PLC now owns 53,402 shares of the financial services provider's stock valued at $1,883,000 after purchasing an additional 17,022 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Capital City Bank Group by 7.2% in the second quarter. Acadian Asset Management LLC now owns 175,117 shares of the financial services provider's stock valued at $4,978,000 after purchasing an additional 11,742 shares during the period. Institutional investors and hedge funds own 44.59% of the company's stock.

Capital City Bank Group Trading Down 0.6 %

Shares of CCBG stock traded down $0.24 during mid-day trading on Friday, reaching $38.34. The stock had a trading volume of 25,354 shares, compared to its average volume of 29,942. The stock's 50-day moving average price is $35.32 and its two-hundred day moving average price is $31.82. The firm has a market capitalization of $649.48 million, a PE ratio of 12.57 and a beta of 0.53. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. Capital City Bank Group has a 52-week low of $25.45 and a 52-week high of $40.08.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.01. The firm had revenue of $68.84 million during the quarter, compared to analyst estimates of $54.40 million. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%.

Capital City Bank Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Monday, September 9th. This is a boost from Capital City Bank Group's previous quarterly dividend of $0.21. Capital City Bank Group's dividend payout ratio is presently 30.16%.

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.