Zacks Investment Research Lowers Capital City Bank Group (NASDAQ:CCBG) to Hold

Zacks Investment Research lowered shares of Capital City Bank Group (NASDAQ:CCBG) from a buy rating to a hold rating in a report issued on Thursday, October 26th.

According to Zacks, “Capital City Bank Group, Inc. is a financial holding company with banking subsidiaries and numerous indirect subsidiaries. The Banks are full service banks, engaged in the commercial and retail banking business, including accepting demand, savings and time deposits; extending credit; originating residential mortgage loans; and providing data processing services, asset management services, trust services, retail brokerage services and a broad range of other financial services to corporate and individual customers, governmental entities and correspondent banks. “

Several other equities analysts have also recently issued reports on the stock. BidaskClub cut shares of Capital City Bank Group from a sell rating to a strong sell rating in a research note on Tuesday, August 22nd. Keefe, Bruyette & Woods reiterated a hold rating and issued a $23.00 target price on shares of Capital City Bank Group in a research note on Tuesday, October 3rd. Finally, Hovde Group lifted their target price on shares of Capital City Bank Group from $22.50 to $23.00 and gave the company a market perform rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has a consensus rating of Hold and an average target price of $24.33.

Capital City Bank Group (NASDAQ CCBG) traded down $0.08 on Thursday, reaching $22.81. 15,600 shares of the company were exchanged, compared to its average volume of 20,853. Capital City Bank Group has a 1-year low of $15.55 and a 1-year high of $26.01. 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 firm has a market cap of $386.99, a price-to-earnings ratio of 27.15 and a beta of 0.65.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.04. Capital City Bank Group had a net margin of 10.35% and a return on equity of 5.06%. The business had revenue of $34.26 million for the quarter. analysts forecast that Capital City Bank Group will post 0.84 earnings per share for the current year.

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Large investors have recently modified their holdings of the company. First Quadrant L P CA acquired a new stake in shares of Capital City Bank Group in the 2nd quarter valued at $102,000. Macquarie Group Ltd. acquired a new position in Capital City Bank Group during the 3rd quarter worth about $138,000. American International Group Inc. lifted its position in Capital City Bank Group by 7.2% during the 1st quarter. American International Group Inc. now owns 6,779 shares of the financial services provider’s stock worth $145,000 after buying an additional 453 shares in the last quarter. Acadian Asset Management LLC lifted its position in Capital City Bank Group by 19.0% during the 2nd quarter. Acadian Asset Management LLC now owns 8,992 shares of the financial services provider’s stock worth $183,000 after buying an additional 1,438 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Capital City Bank Group during the 2nd quarter worth about $266,000. Institutional investors own 30.18% of the company’s stock.

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).

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