Capital City Bank Group (CCBG) Cut to “Sell” at BidaskClub

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

CCBG has been the subject of a number of other research reports. Zacks Investment Research upgraded Capital City Bank Group from a hold rating to a buy rating and set a $27.00 price objective for the company in a report on Wednesday, October 25th. ValuEngine downgraded Capital City Bank Group from a buy rating to a hold rating in a report on Tuesday, November 14th. Finally, Keefe, Bruyette & Woods reiterated a hold rating and issued a $23.00 price objective on shares of Capital City Bank Group in a report on Tuesday, October 3rd. 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’s stock. The stock presently has an average rating of Hold and an average price target of $24.33.

Capital City Bank Group (NASDAQ:CCBG) traded down $0.04 on Tuesday, reaching $23.99. The company’s stock had a trading volume of 10,425 shares, compared to its average volume of 14,667. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market capitalization of $409.90, a P/E ratio of 28.90 and a beta of 0.66. Capital City Bank Group has a twelve month low of $17.68 and a twelve month high of $26.01.

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

The business also recently declared a quarterly dividend, which was paid on Monday, December 18th. Stockholders of record on Monday, December 4th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, December 1st. This represents a $0.28 annualized dividend and a dividend yield of 1.17%. Capital City Bank Group’s payout ratio is presently 33.73%.

In other news, Treasurer Thomas A. Barron sold 4,000 shares of the firm’s stock in a transaction on 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 transaction, the treasurer now directly owns 127,717 shares in the company, valued at $3,214,636.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.17% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of Capital City Bank Group by 3.6% during the third quarter. Dimensional Fund Advisors LP now owns 769,157 shares of the financial services provider’s stock valued at $18,468,000 after acquiring an additional 26,903 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Capital City Bank Group by 1.4% during the second quarter. Vanguard Group Inc. now owns 463,652 shares of the financial services provider’s stock valued at $9,467,000 after acquiring an additional 6,408 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Capital City Bank Group by 2.6% during the second quarter. Ameriprise Financial Inc. now owns 293,518 shares of the financial services provider’s stock valued at $5,993,000 after acquiring an additional 7,400 shares in the last quarter. State Street Corp increased its holdings in shares of Capital City Bank Group by 8.9% during the second quarter. State Street Corp now owns 227,241 shares of the financial services provider’s stock valued at $4,639,000 after acquiring an additional 18,499 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Capital City Bank Group by 7.8% during the second quarter. Northern Trust Corp now owns 136,180 shares of the financial services provider’s stock valued at $2,781,000 after acquiring an additional 9,905 shares in the last quarter. Hedge funds and other institutional investors own 32.24% of the company’s stock.

WARNING: “Capital City Bank Group (CCBG) Cut to “Sell” at BidaskClub” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://ledgergazette.com/2018/01/12/capital-city-bank-group-ccbg-cut-to-sell-at-bidaskclub.html.

Capital City Bank Group Company Profile

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).

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