Capital City Bank Group (CCBG) Rating Lowered to Sell at BidaskClub

BidaskClub downgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a hold rating to a sell rating in a research report released on Tuesday morning.

Several other brokerages have also commented on CCBG. Zacks Investment Research lowered Capital City Bank Group from a buy rating to a hold rating in a research report on Thursday, October 26th. Keefe, Bruyette & Woods reiterated a hold rating and set a $23.00 price objective on shares of Capital City Bank Group in a research report on Tuesday, October 3rd. Finally, ValuEngine lowered Capital City Bank Group from a buy rating to a hold rating in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company. The company has an average rating of Hold and an average price target of $24.33.

Capital City Bank Group (NASDAQ CCBG) opened at $23.99 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $407.69, a PE ratio of 28.56 and a beta of 0.66. Capital City Bank Group has a 1 year low of $17.68 and a 1 year high of $26.01.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $34.26 million for the quarter. Capital City Bank Group had a return on equity of 5.06% and a net margin of 10.35%. sell-side analysts anticipate that Capital City Bank Group will post 0.88 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Monday, December 4th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.17%. The ex-dividend date was Friday, December 1st. Capital City Bank Group’s dividend payout ratio is presently 33.33%.

In related news, Treasurer Thomas A. Barron sold 4,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the sale, the treasurer now directly owns 127,717 shares in the company, valued at approximately $3,214,636.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 26.17% of the company’s stock.

A number of hedge funds have recently modified their holdings of CCBG. Russell Investments Group Ltd. boosted its holdings in Capital City Bank Group by 111.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 113,290 shares of the financial services provider’s stock valued at $2,721,000 after acquiring an additional 59,800 shares during the period. Boston Partners boosted its holdings in Capital City Bank Group by 74.4% during the 3rd quarter. Boston Partners now owns 129,200 shares of the financial services provider’s stock valued at $3,102,000 after acquiring an additional 55,100 shares during the period. Dalton Greiner Hartman Maher & Co. boosted its holdings in Capital City Bank Group by 180.5% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 60,755 shares of the financial services provider’s stock valued at $1,394,000 after acquiring an additional 39,094 shares during the period. Capital City Trust Co. FL purchased a new stake in Capital City Bank Group during the 4th quarter valued at about $897,000. Finally, SG Americas Securities LLC purchased a new stake in Capital City Bank Group during the 3rd quarter valued at about $679,000. Institutional investors own 32.24% of the company’s stock.

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About Capital City Bank Group

Capital City Bank Group, Inc is a financial holding company. The Company provides a range of banking and banking-related services to individual and corporate clients through its subsidiary, Capital City Bank (CCB or the Bank), with banking offices located in Florida, Georgia and Alabama. It operates through commercial banking segment with over four principal services, including Banking Services (CCB), Data Processing Services (Capital City Services Company), Trust and Asset Management Services (Capital City Trust Company) and Brokerage Services (Capital City Banc Investments, Inc).

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