Capital City Bank Group (NASDAQ:CCBG) Raised to Hold at Wall Street Zen

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

Other equities research analysts have also recently issued reports about the stock. Capital One Financial set a $45.00 price objective on shares of Capital City Bank Group in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods downgraded Capital City Bank Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $47.00 to $45.00 in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a research report on Monday, December 29th. Finally, Zacks Research lowered Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $45.00.

Capital City Bank Group Trading Down 1.2%

NASDAQ:CCBG opened at $42.85 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.83. The business’s 50-day simple moving average is $43.07 and its 200-day simple moving average is $42.35. Capital City Bank Group has a fifty-two week low of $32.38 and a fifty-two week high of $46.83. The stock has a market capitalization of $731.45 million, a PE ratio of 11.90 and a beta of 0.34.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, January 27th. The financial services provider reported $0.80 EPS for the quarter, missing the consensus estimate 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 company had revenue of $63.46 million for the quarter, compared to analyst estimates of $64.65 million. Sell-side analysts expect that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capital City Bank Group

Several hedge funds and other institutional investors have recently made changes to their positions in CCBG. State of Alaska Department of Revenue bought a new stake in Capital City Bank Group during the third quarter worth $28,000. Quarry LP acquired a new position in shares of Capital City Bank Group during the 3rd quarter worth about $38,000. CWM LLC raised its holdings in shares of Capital City Bank Group by 140.7% in the 3rd quarter. CWM LLC now owns 2,270 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 1,327 shares during the period. SG Americas Securities LLC acquired a new stake in Capital City Bank Group in the 3rd quarter valued at about $122,000. Finally, Raymond James Financial Inc. acquired a new stake in Capital City Bank Group in the 2nd quarter valued at about $150,000. 44.59% of the stock is owned by institutional investors.

About Capital City Bank Group

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.