Piper Sandler Trims Capital City Bank Group (NASDAQ:CCBG) Target Price to $30.00

Capital City Bank Group (NASDAQ:CCBG) had its price objective trimmed by Piper Sandler from $34.00 to $30.00 in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Other equities research analysts have also issued reports about the company. Keefe, Bruyette & Woods dropped their target price on Capital City Bank Group from $38.00 to $37.00 and set an outperform rating on the stock in a research report on Tuesday. DA Davidson dropped their target price on Capital City Bank Group from $34.00 to $32.50 and set a neutral rating on the stock in a research report on Tuesday, January 2nd. Finally, Janney Montgomery Scott raised Capital City Bank Group from a neutral rating to a buy rating and set a $37.50 target price on the stock in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $34.25.

Capital City Bank Group Stock Performance

CCBG stock opened at $27.24 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.12. The firm has a market cap of $461.45 million, a P/E ratio of 8.87 and a beta of 0.53. Capital City Bank Group has a 12-month low of $25.57 and a 12-month high of $34.16. The stock’s 50 day simple moving average is $27.44 and its 200 day simple moving average is $28.30.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, January 23rd. The financial services provider reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.02). Capital City Bank Group had a return on equity of 12.26% and a net margin of 19.86%. The company had revenue of $63.34 million during the quarter, compared to analyst estimates of $56.50 million. As a group, equities research analysts predict that Capital City Bank Group will post 2.85 EPS for the current year.

Capital City Bank Group Increases Dividend

The firm 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. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 8th. This represents a $0.84 annualized dividend and a dividend yield of 3.08%. Capital City Bank Group’s dividend payout ratio is presently 27.36%.

Insider Transactions at Capital City Bank Group

In other Capital City Bank Group news, Director Marshall M. Criser III purchased 1,300 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was bought at an average price of $28.19 per share, with a total value of $36,647.00. Following the completion of the purchase, the director now owns 15,200 shares in the company, valued at approximately $428,488. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 19.40% of the company’s stock.

Institutional Inflows and Outflows

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