Capital City Bank Group (NASDAQ:CCBG) PT Lowered to $30.00

Capital City Bank Group (NASDAQ:CCBG) had its target price dropped by equities research analysts at Piper Sandler from $34.00 to $30.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price objective indicates a potential upside of 10.05% from the stock’s previous close.

A number of other brokerages have also recently commented on CCBG. Janney Montgomery Scott upgraded shares of Capital City Bank Group from a “neutral” rating to a “buy” rating and set a $37.50 price target for the company in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods cut their target price on shares of Capital City Bank Group from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, DA Davidson lowered their price target on Capital City Bank Group from $34.00 to $32.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.25.

Capital City Bank Group Price Performance

Capital City Bank Group stock opened at $27.26 on Tuesday. The business’s 50-day simple moving average is $27.47 and its 200 day simple moving average is $28.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.12. The stock has a market cap of $461.78 million, a price-to-earnings ratio of 8.88 and a beta of 0.53. Capital City Bank Group has a 12-month low of $25.57 and a 12-month high of $34.16.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). Capital City Bank Group had a net margin of 19.86% and a return on equity of 12.26%. The company had revenue of $63.34 million during the quarter, compared to analyst estimates of $56.50 million. As a group, research analysts anticipate that Capital City Bank Group will post 2.87 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Marshall M. Criser III purchased 1,300 shares of Capital City Bank Group stock in a transaction on Thursday, February 29th. The stock was acquired at an average cost of $28.19 per share, for a total transaction of $36,647.00. Following the completion of the acquisition, the director now owns 15,200 shares of the company’s stock, valued at approximately $428,488. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 19.40% of the stock is currently owned by insiders.

Institutional Trading of Capital City Bank Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Panagora Asset Management Inc. lifted its position in shares of Capital City Bank Group by 28.4% during the 3rd quarter. Panagora Asset Management Inc. now owns 68,542 shares of the financial services provider’s stock valued at $2,045,000 after buying an additional 15,149 shares during the last quarter. Thomasville National Bank lifted its holdings in Capital City Bank Group by 17.8% during the first quarter. Thomasville National Bank now owns 82,704 shares of the financial services provider’s stock valued at $2,291,000 after purchasing an additional 12,500 shares during the last quarter. Vanguard Group Inc. boosted its position in Capital City Bank Group by 1.4% during the third quarter. Vanguard Group Inc. now owns 700,918 shares of the financial services provider’s stock worth $20,908,000 after purchasing an additional 9,449 shares during the period. Los Angeles Capital Management LLC bought a new position in Capital City Bank Group during the fourth quarter worth about $272,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Capital City Bank Group by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 850,987 shares of the financial services provider’s stock worth $25,046,000 after purchasing an additional 8,266 shares in the last quarter. 44.59% of the stock is owned by hedge funds and other institutional investors.

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.