Capital City Bank Group (NASDAQ:CCBG) Lowered to “Hold” Rating by StockNews.com

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

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of Capital City Bank Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $36.80.

Capital City Bank Group Trading Up 0.5 %

Shares of CCBG stock opened at $37.06 on Wednesday. Capital City Bank Group has a 12-month low of $25.45 and a 12-month high of $40.86. The firm has a 50 day moving average price of $37.64 and a two-hundred day moving average price of $34.01. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $627.94 million, a PE ratio of 12.15 and a beta of 0.56.

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

Institutional Investors Weigh In On Capital City Bank Group

A number of large investors have recently bought and sold shares of CCBG. JPMorgan Chase & Co. lifted its holdings in shares of Capital City Bank Group by 80.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 87,396 shares of the financial services provider’s stock worth $3,084,000 after acquiring an additional 38,876 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Capital City Bank Group in the 3rd quarter valued at $35,000. Geode Capital Management LLC boosted its holdings in shares of Capital City Bank Group by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 320,479 shares of the financial services provider’s stock valued at $11,312,000 after purchasing an additional 7,773 shares in the last quarter. Barclays PLC increased its stake in shares of Capital City Bank Group by 46.8% in the 3rd quarter. Barclays PLC now owns 53,402 shares of the financial services provider’s stock valued at $1,883,000 after purchasing an additional 17,022 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of Capital City Bank Group during the 3rd quarter worth $5,673,000. 44.59% of the stock is currently owned by institutional investors and hedge funds.

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.