Today: Capital City Bank Group (CCBG) Cut to Market Perform at Hovde Group

Today: Capital City Bank Group (CCBG) Cut to Market Perform at Hovde Group

Capital City Bank Group (NASDAQ:CCBG) was downgraded by analysts at Hovde Group from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday. They presently have a $21.00 price objective on the financial services provider’s stock, up from their previous price objective of $15.75. Hovde Group’s target price would suggest a potential upside of 7.97% from the company’s previous close.

Separately, Zacks Investment Research upgraded Capital City Bank Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 16th.

Shares of Capital City Bank Group (NASDAQ:CCBG) opened at 19.45 on Monday. The stock has a 50 day moving average price of $15.93 and a 200 day moving average price of $14.93. Capital City Bank Group has a one year low of $12.83 and a one year high of $19.68. The stock has a market capitalization of $326.90 million, a P/E ratio of 30.06 and a beta of 0.67.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Tuesday, October 25th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Capital City Bank Group had a return on equity of 4.01% and a net margin of 8.18%. Equities analysts forecast that Capital City Bank Group will post $0.66 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, December 5th will be issued a dividend of $0.05 per share. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, December 1st. Capital City Bank Group’s payout ratio is currently 24.62%.

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Capital City Bank Group during the third quarter valued at $102,000. Emerald Acquisition Ltd. bought a new position in shares of Capital City Bank Group during the second quarter valued at $104,000. O Shaughnessy Asset Management LLC boosted its position in shares of Capital City Bank Group by 418.2% in the second quarter. O Shaughnessy Asset Management LLC now owns 11,474 shares of the financial services provider’s stock valued at $160,000 after buying an additional 9,260 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Capital City Bank Group by 2.1% in the third quarter. Rhumbline Advisers now owns 14,600 shares of the financial services provider’s stock valued at $216,000 after buying an additional 300 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its position in shares of Capital City Bank Group by 13.7% in the second quarter. Panagora Asset Management Inc. now owns 15,095 shares of the financial services provider’s stock valued at $210,000 after buying an additional 1,813 shares in the last quarter. Institutional investors and hedge funds own 29.52% of the company’s stock.

Capital City Bank Group Company Profile

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