BidaskClub upgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a hold rating to a buy rating in a research note issued to investors on Saturday, BidAskClub reports.

A number of other research analysts have also issued reports on CCBG. Zacks Investment Research upgraded Capital City Bank Group from a sell rating to a hold rating in a report on Monday, July 1st. ValuEngine cut Capital City Bank Group from a hold rating to a sell rating in a research note on Thursday, August 1st.

NASDAQ:CCBG opened at $26.49 on Friday. The firm has a market cap of $449.24 million, a PE ratio of 20.38 and a beta of 0.70. The stock has a fifty day moving average price of $24.86 and a 200 day moving average price of $24.00. Capital City Bank Group has a 12-month low of $19.92 and a 12-month high of $27.24. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. The firm had revenue of $38.75 million during the quarter, compared to analyst estimates of $38.60 million. Capital City Bank Group had a return on equity of 8.59% and a net margin of 17.63%. Equities analysts forecast that Capital City Bank Group will post 1.7 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 9th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, September 6th. Capital City Bank Group’s dividend payout ratio is presently 40.00%.

A number of institutional investors have recently bought and sold shares of CCBG. Dimensional Fund Advisors LP raised its stake in Capital City Bank Group by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 903,151 shares of the financial services provider’s stock valued at $20,962,000 after buying an additional 25,541 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Capital City Bank Group by 540.8% in the first quarter. BNP Paribas Arbitrage SA now owns 2,390 shares of the financial services provider’s stock valued at $52,000 after buying an additional 2,017 shares in the last quarter. Martingale Asset Management L P raised its stake in Capital City Bank Group by 33.5% in the first quarter. Martingale Asset Management L P now owns 41,910 shares of the financial services provider’s stock valued at $913,000 after buying an additional 10,510 shares in the last quarter. Acadian Asset Management LLC raised its stake in Capital City Bank Group by 5.7% in the first quarter. Acadian Asset Management LLC now owns 73,049 shares of the financial services provider’s stock valued at $1,591,000 after buying an additional 3,913 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Capital City Bank Group in the first quarter valued at $293,000. Institutional investors own 38.66% of the company’s stock.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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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