Capital City Bank Group (CCBG) Lowered to Hold at BidaskClub

Capital City Bank Group (NASDAQ:CCBG) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Monday.

CCBG has been the subject of several other research reports. Zacks Investment Research upgraded shares of 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 note on Wednesday, October 25th. Sandler O’Neill upgraded shares of 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. Hovde Group upgraded shares of 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. ValuEngine lowered shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Keefe, Bruyette & Woods reiterated 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. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $26.13.

Capital City Bank Group (NASDAQ CCBG) opened at $24.30 on Monday. Capital City Bank Group has a 1-year low of $17.68 and a 1-year high of $26.33. 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 $416.01, a price-to-earnings ratio of 38.31 and a beta of 0.74.

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

In other news, Treasurer Thomas A. Barron sold 4,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were 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 in the company, valued at approximately $3,214,636.89. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 26.17% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of CCBG. Wells Fargo & Company MN grew its position in Capital City Bank Group by 0.5% during the second quarter. Wells Fargo & Company MN now owns 22,156 shares of the financial services provider’s stock valued at $453,000 after buying an additional 101 shares during the period. Alliancebernstein L.P. grew its position in Capital City Bank Group by 9.4% during the second quarter. Alliancebernstein L.P. now owns 17,400 shares of the financial services provider’s stock valued at $355,000 after buying an additional 1,500 shares during the period. TIAA CREF Investment Management LLC grew its position in Capital City Bank Group by 1.3% during the second quarter. TIAA CREF Investment Management LLC now owns 42,487 shares of the financial services provider’s stock valued at $868,000 after buying an additional 553 shares during the period. New York State Common Retirement Fund grew its position in Capital City Bank Group by 33.7% during the second quarter. New York State Common Retirement Fund now owns 13,100 shares of the financial services provider’s stock valued at $268,000 after buying an additional 3,299 shares during the period. Finally, Northern Trust Corp grew its position in Capital City Bank Group by 7.8% during the second quarter. Northern Trust Corp now owns 136,180 shares of the financial services provider’s stock valued at $2,781,000 after buying an additional 9,905 shares during the period. Institutional investors own 33.81% of the company’s stock.

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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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