Todays Report: Today, Capital City Bank Group (CCBG) Decreased to “Market Perform” at Hovde Group

Today, Capital City Bank Group (CCBG) Decreased to “Market Perform” at Hovde Group

Hovde Group lowered shares of Capital City Bank Group (NASDAQ:CCBG) from an outperform rating to a market perform rating in a research note released on Monday morning. The firm currently has $21.00 target price on the financial services provider’s stock, up from their previous target price of $15.75.

Separately, Zacks Investment Research upgraded shares of 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 18.71 on Monday. The stock’s 50 day moving average is $16.04 and its 200-day moving average is $14.95. The stock has a market cap of $314.46 million, a PE ratio of 28.92 and a beta of 0.67. Capital City Bank Group has a 12-month low of $12.83 and a 12-month high of $19.68.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results 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 net margin of 8.18% and a return on equity of 4.01%. Equities analysts expect that Capital City Bank Group will post $0.66 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Monday, December 5th will be issued a dividend of $0.05 per share. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $0.20 dividend on an annualized basis and a yield of 1.07%. Capital City Bank Group’s dividend payout ratio (DPR) is presently 24.62%.

A number of large investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of Capital City Bank Group during the third quarter worth $102,000. Emerald Acquisition Ltd. bought a new stake in shares of Capital City Bank Group during the second quarter worth $104,000. O Shaughnessy Asset Management LLC raised its stake 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 worth $160,000 after buying an additional 9,260 shares during the last quarter. Panagora Asset Management Inc. raised its stake 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 worth $210,000 after buying an additional 1,813 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Capital City Bank Group by 6.2% in the second quarter. Alliancebernstein L.P. now owns 15,400 shares of the financial services provider’s stock worth $214,000 after buying an additional 900 shares during the last quarter. Institutional investors own 29.52% of the company’s stock.

Capital City Bank Group Company Profile

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