Capital City Bank Group (NASDAQ:CCBG) Cut to Sell at Wall Street Zen

Capital City Bank Group (NASDAQ:CCBG) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other research firms have also weighed in on CCBG. Zacks Research lowered Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Capital One Financial set a $45.00 target price on Capital City Bank Group in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods cut Capital City Bank Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $47.00 to $45.00 in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $45.00.

Capital City Bank Group Trading Up 0.8%

Shares of CCBG stock opened at $41.76 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $712.84 million, a P/E ratio of 11.60 and a beta of 0.36. The company has a 50 day moving average price of $43.18 and a 200 day moving average price of $41.97. Capital City Bank Group has a fifty-two week low of $32.38 and a fifty-two week high of $46.83.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, January 27th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.09). Capital City Bank Group had a return on equity of 11.69% and a net margin of 21.47%.The business had revenue of $63.46 million for the quarter, compared to analyst estimates of $64.65 million. Equities research analysts predict that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Capital City Bank Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCBG. Bailard Inc. purchased a new position in shares of Capital City Bank Group in the 3rd quarter valued at $736,000. American Century Companies Inc. lifted its position in Capital City Bank Group by 13.8% in the second quarter. American Century Companies Inc. now owns 293,407 shares of the financial services provider’s stock valued at $11,546,000 after acquiring an additional 35,603 shares during the last quarter. Integrated Quantitative Investments LLC acquired a new position in Capital City Bank Group in the second quarter valued at $336,000. Inspire Investing LLC grew its holdings in shares of Capital City Bank Group by 7.8% during the second quarter. Inspire Investing LLC now owns 33,117 shares of the financial services provider’s stock worth $1,303,000 after purchasing an additional 2,393 shares during the last quarter. Finally, KLP Kapitalforvaltning AS increased its position in shares of Capital City Bank Group by 18.9% during the second quarter. KLP Kapitalforvaltning AS now owns 20,100 shares of the financial services provider’s stock worth $791,000 after purchasing an additional 3,200 shares in the last quarter. 44.59% of the stock is owned by institutional investors and hedge funds.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.