Capital City Bank Group (NASDAQ:CCBG) Upgraded by StockNews.com to Buy Rating

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

Separately, Keefe, Bruyette & Woods lifted their price target on Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday.

Capital City Bank Group Price Performance

Shares of CCBG opened at $36.89 on Friday. The firm has a market capitalization of $624.92 million, a price-to-earnings ratio of 11.82 and a beta of 0.56. The stock’s fifty day moving average is $37.26 and its 200-day moving average is $35.51. Capital City Bank Group has a one year low of $25.45 and a one year high of $40.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. Equities analysts anticipate that Capital City Bank Group will post 3.06 EPS for the current year.

Hedge Funds Weigh In On Capital City Bank Group

Hedge funds have recently modified their holdings of the stock. Princeton Capital Management LLC lifted its position in shares of Capital City Bank Group by 7.0% in the 3rd quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider’s stock valued at $271,000 after acquiring an additional 500 shares in the last quarter. Blue Trust Inc. raised its position in Capital City Bank Group by 15.4% during the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock valued at $171,000 after buying an additional 645 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Capital City Bank Group during the 3rd quarter valued at about $35,000. Empowered Funds LLC increased its holdings in shares of Capital City Bank Group by 4.7% in the 4th quarter. Empowered Funds LLC now owns 25,964 shares of the financial services provider’s stock valued at $952,000 after purchasing an additional 1,155 shares during the period. Finally, FMR LLC lifted its position in Capital City Bank Group by 48.5% in the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock worth $234,000 after buying an additional 2,164 shares in the last quarter. 44.59% of the stock is currently owned by institutional investors and hedge funds.

Capital City Bank Group Company Profile

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.