Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Capital City Bank Group (NASDAQ:CCBG) Stock

Capital City Bank Group (NASDAQ:CCBG - Free Report) had its price objective raised by Keefe, Bruyette & Woods from $43.00 to $44.00 in a report published on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the financial services provider's stock.

Separately, StockNews.com lowered Capital City Bank Group from a "buy" rating to a "hold" rating in a report on Friday, January 24th.

Capital City Bank Group Stock Performance

CCBG traded up $0.72 on Friday, reaching $37.72. 19,622 shares of the stock were exchanged, compared to its average volume of 26,694. The company's 50-day moving average price is $37.16 and its 200 day moving average price is $35.62. The firm has a market capitalization of $638.98 million, a PE ratio of 12.09 and a beta of 0.56. Capital City Bank Group has a fifty-two week low of $25.45 and a fifty-two week high of $40.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.07. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. As a group, sell-side analysts forecast that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Monday, December 9th. Capital City Bank Group's payout ratio is 29.49%.

Institutional Trading of Capital City Bank Group

Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in Capital City Bank Group by 42.7% in the fourth quarter. Bank of New York Mellon Corp now owns 77,207 shares of the financial services provider's stock valued at $2,830,000 after buying an additional 23,113 shares during the last quarter. Empowered Funds LLC grew its holdings in Capital City Bank Group by 4.7% in the fourth quarter. Empowered Funds LLC now owns 25,964 shares of the financial services provider's stock valued at $952,000 after purchasing an additional 1,155 shares during the last quarter. Blue Trust Inc. increased its holdings in Capital City Bank Group by 15.4% during the 4th quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider's stock valued at $171,000 after acquiring an additional 645 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Capital City Bank Group by 72.2% during the 4th quarter. SG Americas Securities LLC now owns 8,997 shares of the financial services provider's stock worth $330,000 after purchasing an additional 3,772 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Capital City Bank Group by 80.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 87,396 shares of the financial services provider's stock valued at $3,084,000 after purchasing an additional 38,876 shares in the last quarter. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

Capital City Bank Group Company Profile

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.