Capital City Bank Group (CCBG) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Capital City Bank Group (NASDAQ:CCBG) from a buy rating to a hold rating in a research report released on Tuesday morning.

CCBG has been the subject of a number of other reports. Zacks Investment Research upgraded Capital City Bank Group from a hold rating to a buy rating and set a $27.00 target price for the company in a research report on Wednesday, October 25th. Hovde Group upped their target price on Capital City Bank Group from $22.50 to $23.00 and gave the company a market perform rating in a research report on Thursday, July 27th. BidaskClub downgraded Capital City Bank Group from a sell rating to a strong sell rating in a research report on Tuesday, August 22nd. Finally, Keefe, Bruyette & Woods reiterated a hold rating and set a $23.00 target price on shares of Capital City Bank Group in a research report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company presently has an average rating of Hold and a consensus target price of $24.33.

Capital City Bank Group (NASDAQ:CCBG) opened at $23.67 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.24. Capital City Bank Group has a 1-year low of $17.19 and a 1-year high of $26.01. The company has a market capitalization of $399.55, a price-to-earnings ratio of 27.73 and a beta of 0.65.

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

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Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Capital City Bank Group by 26.9% during the 1st quarter. Vanguard Group Inc. now owns 457,244 shares of the financial services provider’s stock worth $9,781,000 after buying an additional 96,943 shares during the last quarter. Ameriprise Financial Inc. raised its position in Capital City Bank Group by 2.6% in the second quarter. Ameriprise Financial Inc. now owns 293,518 shares of the financial services provider’s stock valued at $5,993,000 after purchasing an additional 7,400 shares during the last quarter. Russell Investments Group Ltd. raised its position in Capital City Bank Group by 20.5% in the second quarter. Russell Investments Group Ltd. now owns 53,490 shares of the financial services provider’s stock valued at $1,092,000 after purchasing an additional 9,113 shares during the last quarter. Citadel Advisors LLC bought a new position in Capital City Bank Group in the second quarter valued at about $266,000. Finally, Boston Partners raised its position in Capital City Bank Group by 13.1% in the second quarter. Boston Partners now owns 74,100 shares of the financial services provider’s stock valued at $1,513,000 after purchasing an additional 8,600 shares during the last quarter. Institutional investors and hedge funds own 31.10% of the company’s stock.

About Capital City Bank Group

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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