Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG – Get Rating) gapped down prior to trading on Wednesday . The stock had previously closed at $32.65, but opened at $31.83. Capital City Bank Group shares last traded at $31.83, with a volume of 5 shares.

Analysts Set New Price Targets

CCBG has been the topic of several recent analyst reports. Piper Sandler increased their price objective on Capital City Bank Group to $37.00 in a research report on Thursday, September 29th. StockNews.com lowered Capital City Bank Group from a "buy" rating to a "hold" rating in a report on Thursday, November 10th. Finally, Hovde Group increased their target price on Capital City Bank Group to $38.00 in a report on Tuesday, November 1st.

Capital City Bank Group Stock Down 0.2 %

The company's 50 day moving average price is $33.38 and its two-hundred day moving average price is $32.84. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The firm has a market cap of $539.05 million, a PE ratio of 15.43 and a beta of 0.66.

Capital City Bank Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 19th. Stockholders of record on Monday, December 5th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.14%. Capital City Bank Group's payout ratio is currently 33.01%.

Institutional Investors Weigh In On Capital City Bank Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCBG. Amalgamated Bank bought a new position in Capital City Bank Group in the 1st quarter worth $43,000. Tower Research Capital LLC TRC boosted its stake in Capital City Bank Group by 93.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,428 shares of the financial services provider's stock worth $44,000 after purchasing an additional 689 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Capital City Bank Group during the 3rd quarter valued at approximately $49,000. Captrust Financial Advisors raised its position in shares of Capital City Bank Group by 599.3% during the second quarter. Captrust Financial Advisors now owns 1,986 shares of the financial services provider's stock valued at $55,000 after buying an additional 1,702 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Capital City Bank Group by 15.5% in the second quarter. BNP Paribas Arbitrage SA now owns 4,231 shares of the financial services provider's stock worth $118,000 after buying an additional 568 shares in the last quarter. 44.90% of the stock is owned by hedge funds and other institutional investors.

Capital City Bank Group Company Profile

(Get Rating)

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking and 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.

Featured Articles

• Get a free copy of the StockNews.com research report on Capital City Bank Group (CCBG)
• Exxon Mobil Stock: Within Striking Distance Of Buy Point
• High-Dividend-Yielding BHP Sees China Driving '23 Growth
• Is Airbnb Setting Up To Rally 38%, As Analysts Are Forecasting?
• Does a Price Cut for Tesla Vehicles Mean the Same for TSLA Stock?
• Microsoft Layoffs Signal Layoffs for Other Tech Companies?

Receive News & Ratings for Capital City Bank Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital City Bank Group and related companies with MarketBeat.com's FREE daily email newsletter.