Capital City Bank Group (NASDAQ:CCBG) Price Target Lowered to $37.00 at Keefe, Bruyette & Woods

Capital City Bank Group (NASDAQ:CCBG) had its price target cut by Keefe, Bruyette & Woods from $38.00 to $37.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other research analysts have also recently issued reports on the company. DA Davidson cut their price target on Capital City Bank Group from $34.00 to $32.50 and set a neutral rating for the company in a report on Tuesday, January 2nd. Janney Montgomery Scott raised Capital City Bank Group from a neutral rating to a buy rating and set a $37.50 price objective for the company in a report on Wednesday, January 24th. Finally, Piper Sandler initiated coverage on Capital City Bank Group in a report on Friday, January 5th. They set an overweight rating and a $34.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $34.25.

Capital City Bank Group Stock Up 0.3 %

Shares of NASDAQ:CCBG opened at $27.18 on Tuesday. Capital City Bank Group has a 52 week low of $25.57 and a 52 week high of $34.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.81 and a current ratio of 0.81. The company’s fifty day moving average is $27.49 and its 200-day moving average is $28.31. The company has a market capitalization of $460.51 million, a PE ratio of 8.47 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). Capital City Bank Group had a net margin of 20.67% and a return on equity of 12.99%. The business had revenue of $63.34 million during the quarter, compared to the consensus estimate of $56.50 million. Equities research analysts predict that Capital City Bank Group will post 2.87 earnings per share for the current fiscal year.

Capital City Bank Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were paid a $0.21 dividend. The ex-dividend date was Friday, March 8th. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.09%. Capital City Bank Group’s dividend payout ratio is 26.17%.

Insider Activity

In related news, Director Marshall M. Criser III purchased 1,300 shares of the stock in a transaction dated Thursday, February 29th. The stock was bought at an average cost of $28.19 per share, with a total value of $36,647.00. Following the purchase, the director now directly owns 15,200 shares in the company, valued at approximately $428,488. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 19.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Capital City Bank Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Thomasville National Bank grew its position in shares of Capital City Bank Group by 17.8% in the 1st quarter. Thomasville National Bank now owns 82,704 shares of the financial services provider’s stock valued at $2,291,000 after purchasing an additional 12,500 shares during the period. Los Angeles Capital Management LLC grew its position in shares of Capital City Bank Group by 16.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 10,710 shares of the financial services provider’s stock valued at $297,000 after purchasing an additional 1,480 shares during the period. Isthmus Partners LLC grew its position in shares of Capital City Bank Group by 4.2% in the 4th quarter. Isthmus Partners LLC now owns 71,586 shares of the financial services provider’s stock valued at $2,107,000 after purchasing an additional 2,853 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Capital City Bank Group by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 850,987 shares of the financial services provider’s stock valued at $25,046,000 after purchasing an additional 8,266 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Capital City Bank Group by 30.5% in the 4th quarter. BNP Paribas Financial Markets now owns 14,999 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 3,504 shares during the period. 44.59% of the stock is currently owned by institutional investors and hedge funds.

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.