Capital City Bank Group (CCBG) Upgraded at BidaskClub

BidaskClub upgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a hold rating to a buy rating in a report released on Tuesday.

Several other brokerages have also issued reports on CCBG. Zacks Investment Research lowered Capital City Bank Group from a buy rating to a hold rating in a research note on Thursday, October 26th. Hovde Group raised Capital City Bank Group from a market perform rating to an outperform rating and set a $26.50 target price for the company in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $27.00 target price on shares of Capital City Bank Group in a research note on Wednesday, January 24th. Sandler O’Neill raised Capital City Bank Group from a sell rating to a hold rating and set a $24.00 target price for the company in a research note on Wednesday, January 24th. Finally, ValuEngine lowered Capital City Bank Group from a buy rating to a hold rating in a research note on Tuesday, November 14th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Capital City Bank Group presently has a consensus rating of Buy and a consensus target price of $26.13.

Capital City Bank Group (NASDAQ CCBG) opened at $24.52 on Tuesday. The firm has a market cap of $409.73, a P/E ratio of 38.11 and a beta of 0.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.77 and a quick ratio of 0.77. Capital City Bank Group has a 52-week low of $17.68 and a 52-week high of $26.33.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, January 23rd. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $34.39 million during the quarter. Capital City Bank Group had a return on equity of 5.29% and a net margin of 7.83%. analysts anticipate that Capital City Bank Group will post 1.41 EPS for the current year.

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the completion of the sale, the treasurer now owns 127,717 shares of the company’s stock, valued at $3,214,636.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 26.17% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC purchased a new stake in shares of Capital City Bank Group during the fourth quarter valued at approximately $132,000. Macquarie Group Ltd. boosted its stake in shares of Capital City Bank Group by 36.7% during the fourth quarter. Macquarie Group Ltd. now owns 7,828 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 2,100 shares during the period. Stone Ridge Asset Management LLC purchased a new stake in shares of Capital City Bank Group during the fourth quarter valued at approximately $403,000. Deutsche Bank AG boosted its stake in shares of Capital City Bank Group by 17.1% during the fourth quarter. Deutsche Bank AG now owns 67,760 shares of the financial services provider’s stock valued at $1,553,000 after purchasing an additional 9,873 shares during the period. Finally, Martingale Asset Management L P boosted its stake in shares of Capital City Bank Group by 23.8% during the fourth quarter. Martingale Asset Management L P now owns 32,215 shares of the financial services provider’s stock valued at $740,000 after purchasing an additional 6,200 shares during the period. 33.48% of the stock is owned by hedge funds and other institutional investors.

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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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