Capital City Bank Group (CCBG) Downgraded by BidaskClub to “Hold”

BidaskClub cut shares of Capital City Bank Group (NASDAQ:CCBG) from a buy rating to a hold rating in a research note published on Wednesday morning.

Several other equities research analysts also recently issued reports on the company. Sandler O’Neill set a $26.00 price objective on Capital City Bank Group and gave the company a hold rating in a report on Wednesday, March 28th. Zacks Investment Research downgraded Capital City Bank Group from a strong-buy rating to a hold rating in a report on Tuesday, February 27th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $27.00 price objective on shares of Capital City Bank Group in a report on Wednesday, January 24th. Finally, Hovde Group upgraded Capital City Bank Group from a market perform rating to an outperform rating and set a $26.50 price objective on the stock in a report on Wednesday, January 24th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $26.63.

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CCBG stock opened at $24.62 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $426.99, a P/E ratio of 27.98 and a beta of 0.68. Capital City Bank Group has a 12-month low of $17.68 and a 12-month high of $26.50.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. The firm had revenue of $34.39 million for the quarter. Capital City Bank Group had a return on equity of 5.28% and a net margin of 7.83%. research analysts expect that Capital City Bank Group will post 1.41 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Monday, March 5th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, March 2nd. This represents a $0.28 annualized dividend and a yield of 1.14%. Capital City Bank Group’s payout ratio is 31.82%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Capital City Bank Group by 0.8% during the 4th quarter. BlackRock Inc. now owns 903,301 shares of the financial services provider’s stock worth $20,722,000 after purchasing an additional 7,036 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Capital City Bank Group by 3.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 769,157 shares of the financial services provider’s stock worth $18,468,000 after purchasing an additional 26,903 shares in the last quarter. State Street Corp grew its stake in Capital City Bank Group by 8.9% during the 2nd quarter. State Street Corp now owns 227,241 shares of the financial services provider’s stock worth $4,639,000 after purchasing an additional 18,499 shares in the last quarter. Boston Partners grew its stake in Capital City Bank Group by 22.8% during the 4th quarter. Boston Partners now owns 158,600 shares of the financial services provider’s stock worth $3,638,000 after purchasing an additional 29,400 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in Capital City Bank Group by 1,140.7% during the 4th quarter. IFP Advisors Inc now owns 147,477 shares of the financial services provider’s stock worth $3,383,000 after purchasing an additional 135,590 shares in the last quarter. 33.70% of the stock is owned by hedge funds and other institutional investors.

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About Capital City Bank Group

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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.

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