StockNews.com Downgrades Capital City Bank Group (NASDAQ:CCBG) to Hold

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

Capital City Bank Group Trading Down 1.0 %

NASDAQ CCBG opened at $39.30 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. Capital City Bank Group has a 52 week low of $25.45 and a 52 week high of $40.86. The business has a 50 day moving average price of $36.37 and a 200-day moving average price of $32.80. The company has a market cap of $665.74 million, a price-to-earnings ratio of 12.89 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%. The business had revenue of $68.84 million during the quarter, compared to analyst estimates of $54.40 million. As a group, equities analysts expect that Capital City Bank Group will post 3.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of Capital City Bank Group stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the transaction, the treasurer now directly owns 140,681 shares of the company’s stock, valued at $4,756,424.61. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 19.40% of the company’s stock.

Institutional Trading of Capital City Bank Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in Capital City Bank Group in the 3rd quarter worth about $35,000. Geode Capital Management LLC grew its holdings in shares of Capital City Bank Group by 2.5% in the third quarter. Geode Capital Management LLC now owns 320,479 shares of the financial services provider’s stock valued at $11,312,000 after acquiring an additional 7,773 shares in the last quarter. Barclays PLC increased its position in shares of Capital City Bank Group by 46.8% during the third quarter. Barclays PLC now owns 53,402 shares of the financial services provider’s stock valued at $1,883,000 after acquiring an additional 17,022 shares during the last quarter. Wellington Management Group LLP bought a new stake in Capital City Bank Group during the third quarter worth $5,673,000. Finally, State Street Corp boosted its position in Capital City Bank Group by 1.8% in the third quarter. State Street Corp now owns 341,426 shares of the financial services provider’s stock worth $12,049,000 after purchasing an additional 5,980 shares during the last quarter. Hedge funds and other institutional investors own 44.59% of the company’s stock.

About Capital City Bank Group

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking- related services to individual and corporate clients. The company 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.