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.
Get Capital City Bank Group alerts: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 (NASDAQ:CCBG – Get Rating) last announced its earnings results on Tuesday, October 25th. The financial services provider reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.01). The company had revenue of $56.26 million during the quarter, compared to the consensus estimate of $58.80 million. Capital City Bank Group had a return on equity of 9.29% and a net margin of 16.29%. On average, equities research analysts expect that Capital City Bank Group, Inc. will post 2.47 EPS for the current fiscal year.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
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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.
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