Capital City Bank Group (NASDAQ:CCBG) Stock Rating Lowered by DA Davidson

Capital City Bank Group (NASDAQ:CCBG) was downgraded by DA Davidson from a “buy” rating to a “neutral” rating in a report released on Wednesday, Marketbeat reports. They presently have a $32.50 price target on the financial services provider’s stock, down from their prior price target of $33.50. DA Davidson’s target price would indicate a potential upside of 17.16% from the company’s previous close.

A number of other research analysts also recently weighed in on CCBG. StockNews.com assumed coverage on Capital City Bank Group in a report on Thursday, October 5th. They set a “hold” rating on the stock. Piper Sandler lowered their target price on Capital City Bank Group from $42.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 15th.

Capital City Bank Group Stock Performance

Shares of NASDAQ CCBG opened at $27.74 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $471.36 million, a price-to-earnings ratio of 8.70 and a beta of 0.63. The stock’s fifty day simple moving average is $29.36 and its 200 day simple moving average is $30.45. Capital City Bank Group has a 52-week low of $26.12 and a 52-week high of $36.86.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The company had revenue of $59.33 million during the quarter, compared to analyst estimates of $62.45 million. Capital City Bank Group had a return on equity of 13.30% and a net margin of 20.74%. As a group, sell-side analysts forecast that Capital City Bank Group will post 3.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Capital City Bank Group news, Director Marshall M. Criser III acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was acquired at an average price of $27.06 per share, with a total value of $54,120.00. Following the transaction, the director now owns 13,900 shares of the company’s stock, valued at $376,134. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Laura L. Johnson acquired 1,000 shares of the stock in a transaction dated Monday, August 21st. The shares were bought at an average cost of $30.53 per share, for a total transaction of $30,530.00. Following the purchase, the director now owns 33,091 shares in the company, valued at approximately $1,010,268.23. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Marshall M. Criser III acquired 2,000 shares of the stock in a transaction dated Thursday, October 26th. The stock was bought at an average price of $27.06 per share, for a total transaction of $54,120.00. Following the completion of the purchase, the director now owns 13,900 shares in the company, valued at approximately $376,134. The disclosure for this purchase can be found here. 23.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Capital City Bank Group

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in Capital City Bank Group by 70.2% during the 1st quarter. JPMorgan Chase & Co. now owns 271,260 shares of the financial services provider’s stock worth $7,950,000 after buying an additional 111,849 shares in the last quarter. Thomasville National Bank lifted its stake in shares of Capital City Bank Group by 61.9% in the 2nd quarter. Thomasville National Bank now owns 118,178 shares of the financial services provider’s stock valued at $3,621,000 after purchasing an additional 45,178 shares during the period. Maltese Capital Management LLC lifted its stake in shares of Capital City Bank Group by 100.0% in the 1st quarter. Maltese Capital Management LLC now owns 80,000 shares of the financial services provider’s stock valued at $2,345,000 after purchasing an additional 40,000 shares during the period. Morgan Stanley lifted its stake in shares of Capital City Bank Group by 76.4% in the 4th quarter. Morgan Stanley now owns 64,577 shares of the financial services provider’s stock valued at $2,099,000 after purchasing an additional 27,964 shares during the period. Finally, Panagora Asset Management Inc. acquired a new position in shares of Capital City Bank Group in the 4th quarter valued at $880,000. 45.79% of the stock is currently owned by institutional investors.

About Capital City Bank Group

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking 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.