Capital City Bank Group (CCBG) Upgraded to Buy by BidaskClub

Capital City Bank Group (NASDAQ:CCBG) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday.

CCBG has been the subject of a number of other research reports. ValuEngine cut shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 26th. Zacks Investment Research cut shares of Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 27th. FIG Partners reaffirmed a “market-perform” rating on shares of Capital City Bank Group in a research report on Monday, April 23rd. Finally, Sandler O’Neill set a $26.00 price objective on shares of Capital City Bank Group and gave the stock a “hold” rating in a research report on Wednesday, March 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $26.63.

Capital City Bank Group opened at $24.75 on Friday, Marketbeat.com reports. Capital City Bank Group has a 1-year low of $18.96 and a 1-year high of $26.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $425.59 million, a PE ratio of 28.13 and a beta of 0.72.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Monday, April 23rd. The financial services provider reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.05). The company had revenue of $34.24 million for the quarter. Capital City Bank Group had a return on equity of 5.77% and a net margin of 9.84%. equities analysts forecast that Capital City Bank Group will post 1.18 earnings per share for the current fiscal year.

In related news, Treasurer Thomas A. Barron sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $23.27, for a total transaction of $116,350.00. Following the completion of the transaction, the treasurer now owns 131,507 shares of the company’s stock, valued at approximately $3,060,167.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 24.31% of the company’s stock.

A number of hedge funds have recently modified their holdings of CCBG. Teton Advisors Inc. purchased a new position in Capital City Bank Group in the 1st quarter valued at approximately $2,044,000. Dimensional Fund Advisors LP boosted its position in Capital City Bank Group by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 816,412 shares of the financial services provider’s stock valued at $20,206,000 after buying an additional 26,860 shares during the period. First Trust Advisors LP purchased a new position in Capital City Bank Group in the 4th quarter valued at approximately $469,000. Stone Ridge Asset Management LLC purchased a new position in Capital City Bank Group in the 4th quarter valued at approximately $403,000. Finally, Deutsche Bank AG boosted its position in Capital City Bank Group by 17.1% in the 4th quarter. Deutsche Bank AG now owns 67,760 shares of the financial services provider’s stock valued at $1,553,000 after buying an additional 9,873 shares during the period. 37.20% of the stock is owned by institutional investors.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It offers financing for commercial business properties, equipment, inventories, and accounts receivable, as well as commercial leasing and letters of credit; treasury management services; and merchant credit card transaction processing services.

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