Capital City Bank Group (CCBG) Upgraded by BidaskClub to “Buy”

BidaskClub upgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a hold rating to a buy rating in a research note released on Wednesday, March 14th.

A number of other research firms have also recently issued reports on CCBG. Zacks Investment Research cut Capital City Bank Group from a strong-buy rating to a hold rating in a report on Tuesday, February 27th. Hovde Group upgraded Capital City Bank Group from a market perform rating to an outperform rating and set a $26.50 price objective for the company in a report on Wednesday, January 24th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $27.00 target price on shares of Capital City Bank Group in a research report on Wednesday, January 24th. Sandler O’Neill raised Capital City Bank Group from a sell rating to a hold rating and set a $24.00 target price for the company in a research report on Wednesday, January 24th. Finally, ValuEngine lowered Capital City Bank Group from a buy rating to a hold rating in a research report on Tuesday, November 14th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $26.63.

How to Become a New Pot Stock Millionaire

NASDAQ CCBG traded down $0.44 during trading on Wednesday, hitting $24.62. 15,992 shares of the stock traded hands, compared to its average volume of 32,722. The stock has a market capitalization of $426.99, a PE ratio of 28.48 and a beta of 0.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.78 and a quick ratio of 0.78. Capital City Bank Group has a 12-month low of $17.68 and a 12-month high of $26.50.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, January 23rd. The financial services provider reported $0.24 EPS for the quarter. Capital City Bank Group had a return on equity of 5.28% and a net margin of 7.83%. The firm had revenue of $34.39 million during the quarter. analysts anticipate that Capital City Bank Group will post 1.41 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Monday, March 5th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, March 2nd. Capital City Bank Group’s payout ratio is 31.82%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new position in shares of Capital City Bank Group in the 4th quarter worth $132,000. Macquarie Group Ltd. raised its position in shares of Capital City Bank Group by 36.7% in the 4th quarter. Macquarie Group Ltd. now owns 7,828 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 2,100 shares in the last quarter. Stone Ridge Asset Management LLC bought a new position in shares of Capital City Bank Group in the 4th quarter worth $403,000. Deutsche Bank AG raised its position in shares of Capital City Bank Group by 17.1% in the 4th quarter. Deutsche Bank AG now owns 67,760 shares of the financial services provider’s stock worth $1,553,000 after acquiring an additional 9,873 shares in the last quarter. Finally, Martingale Asset Management L P raised its position in shares of Capital City Bank Group by 23.8% in the 4th quarter. Martingale Asset Management L P now owns 32,215 shares of the financial services provider’s stock worth $740,000 after acquiring an additional 6,200 shares in the last quarter. 33.70% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/04/07/capital-city-bank-group-ccbg-rating-increased-to-buy-at-bidaskclub.html.

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.

Receive News & Ratings for Capital City Bank Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital City Bank Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply