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

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

Separately, Keefe, Bruyette & Woods lifted their price target on Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.88.

Capital City Bank Group Trading Down 0.7 %

Capital City Bank Group stock opened at $35.09 on Monday. The firm has a market cap of $594.56 million, a PE ratio of 11.50 and a beta of 0.56. Capital City Bank Group has a 12 month low of $25.45 and a 12 month high of $40.86. The stock’s 50 day simple moving average is $37.81 and its two-hundred day simple moving average is $34.64. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $68.84 million for the quarter, compared to the consensus estimate of $54.40 million. Analysts anticipate that Capital City Bank Group will post 3.05 earnings per share for the current year.

Hedge Funds Weigh In On Capital City Bank Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in Capital City Bank Group by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 867,642 shares of the financial services provider’s stock valued at $24,675,000 after acquiring an additional 4,606 shares during the last quarter. State Street Corp lifted its holdings in shares of Capital City Bank Group by 1.8% in the 3rd quarter. State Street Corp now owns 341,426 shares of the financial services provider’s stock worth $12,049,000 after acquiring an additional 5,980 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Capital City Bank Group by 2.5% during the third quarter. Geode Capital Management LLC now owns 320,479 shares of the financial services provider’s stock worth $11,312,000 after buying an additional 7,773 shares during the period. Renaissance Technologies LLC grew its position in Capital City Bank Group by 4.0% in the 2nd quarter. Renaissance Technologies LLC now owns 206,871 shares of the financial services provider’s stock valued at $5,883,000 after acquiring an additional 8,000 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Capital City Bank Group by 7.2% during the 2nd quarter. Acadian Asset Management LLC now owns 175,117 shares of the financial services provider’s stock worth $4,978,000 after buying an additional 11,742 shares in 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.