Capital City Bank Group (NASDAQ:CCBG) Upgraded to “Overweight” by Piper Sandler

Capital City Bank Group (NASDAQ:CCBGGet Rating) was upgraded by investment analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a report released on Tuesday, The Fly reports.

CCBG has been the subject of a number of other reports. StockNews.com initiated coverage on Capital City Bank Group in a report on Thursday, March 31st. They set a “hold” rating for the company. Keefe, Bruyette & Woods raised Capital City Bank Group from a “market perform” rating to an “outperform” rating and increased their price target for the company from $31.00 to $33.00 in a research report on Tuesday, January 25th. Finally, Zacks Investment Research raised Capital City Bank Group from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research report on Friday, April 1st. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Capital City Bank Group has a consensus rating of “Buy” and a consensus price target of $30.83.

Shares of Capital City Bank Group stock opened at $25.32 on Tuesday. The firm’s 50-day moving average price is $26.52. Capital City Bank Group has a 12 month low of $22.01 and a 12 month high of $29.00. The stock has a market cap of $428.97 million, a PE ratio of 12.79 and a beta of 0.69. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.14.

Capital City Bank Group (NASDAQ:CCBGGet Rating) last announced its earnings results on Monday, April 25th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.12. Capital City Bank Group had a return on equity of 9.59% and a net margin of 15.61%. Equities research analysts anticipate that Capital City Bank Group will post 1.85 EPS for the current year.

In other Capital City Bank Group news, Director Allan G. Bense bought 10,000 shares of the business’s stock in a transaction dated Tuesday, March 1st. The shares were acquired at an average price of $26.76 per share, with a total value of $267,600.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Treasurer Thomas A. Barron sold 5,000 shares of the firm’s stock in a transaction dated Thursday, March 10th. The stock was sold at an average price of $27.02, for a total value of $135,100.00. The disclosure for this sale can be found here. 20.84% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Citigroup Inc. raised its position in shares of Capital City Bank Group by 105.6% during the 4th quarter. Citigroup Inc. now owns 3,724 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 1,913 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Capital City Bank Group by 84.8% during the third quarter. BNP Paribas Arbitrage SA now owns 4,229 shares of the financial services provider’s stock worth $105,000 after buying an additional 1,941 shares during the period. Royal Bank of Canada increased its position in Capital City Bank Group by 8.8% during the third quarter. Royal Bank of Canada now owns 7,750 shares of the financial services provider’s stock worth $191,000 after buying an additional 628 shares during the period. First Trust Advisors LP acquired a new position in Capital City Bank Group during the fourth quarter worth approximately $207,000. Finally, Deutsche Bank AG increased its position in Capital City Bank Group by 5.5% during the fourth quarter. Deutsche Bank AG now owns 8,165 shares of the financial services provider’s stock worth $216,000 after buying an additional 422 shares during the period. 42.59% of the stock is currently owned by institutional investors and hedge funds.

Capital City Bank Group Company Profile (Get Rating)

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients. The company 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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