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

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

Several other research analysts have also weighed in on CCBG. Keefe, Bruyette & Woods lifted their price objective on shares of Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Piper Sandler lowered shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $30.00 to $34.00 in a research note on Monday, July 29th. Finally, Hovde Group lifted their price target on shares of Capital City Bank Group from $30.00 to $37.00 and gave the company a “market perform” rating in a research note on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Capital City Bank Group has an average rating of “Hold” and a consensus target price of $35.80.

Capital City Bank Group Trading Up 9.8 %

Capital City Bank Group stock traded up $3.50 during midday trading on Wednesday, hitting $39.19. 90,351 shares of the stock were exchanged, compared to its average volume of 31,458. The company has a fifty day simple moving average of $34.71 and a two-hundred day simple moving average of $31.25. Capital City Bank Group has a 52 week low of $25.45 and a 52 week high of $39.58. The stock has a market capitalization of $663.88 million, a PE ratio of 12.85 and a beta of 0.53. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.12.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.45%. The business had revenue of $68.84 million for the quarter, compared to analyst estimates of $54.40 million.

Insider Transactions at Capital City Bank Group

In other news, Treasurer Thomas A. Barron sold 3,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the sale, the treasurer now owns 140,681 shares of the company’s stock, valued at $4,756,424.61. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 19.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Capital City Bank Group

Institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in shares of Capital City Bank Group by 5.1% in the third quarter. Empowered Funds LLC now owns 24,809 shares of the financial services provider’s stock valued at $876,000 after acquiring an additional 1,206 shares during the period. Blue Trust Inc. boosted its position in shares of Capital City Bank Group by 1,482.3% in the third quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 3,928 shares during the period. Inspire Investing LLC bought a new stake in shares of Capital City Bank Group in the third quarter valued at about $414,000. SG Americas Securities LLC bought a new stake in shares of Capital City Bank Group in the third quarter valued at about $184,000. Finally, Prospector Partners LLC boosted its position in shares of Capital City Bank Group by 17.6% in the second quarter. Prospector Partners LLC now owns 32,685 shares of the financial services provider’s stock valued at $930,000 after acquiring an additional 4,900 shares during the period. 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.