Capital City Bank Group (NASDAQ:CCBG) PT Lowered to $37.00

Capital City Bank Group (NASDAQ:CCBG) had its target price lowered by equities research analysts at Keefe, Bruyette & Woods from $38.00 to $37.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 35.73% from the company’s previous close.

A number of other analysts also recently weighed in on the company. DA Davidson cut their target price on Capital City Bank Group from $34.00 to $32.50 and set a “neutral” rating for the company in a research report on Tuesday, January 2nd. Piper Sandler assumed coverage on shares of Capital City Bank Group in a research report on Friday, January 5th. They set an “overweight” rating and a $34.00 price objective for the company. Finally, Janney Montgomery Scott raised shares of Capital City Bank Group from a “neutral” rating to a “buy” rating and set a $37.50 target price on the stock in a report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.25.

Capital City Bank Group Price Performance

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

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Capital City Bank Group

Institutional investors and hedge funds have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale bought a new stake in Capital City Bank Group in the third quarter worth approximately $113,000. SG Americas Securities LLC acquired a new stake in shares of Capital City Bank Group during the 3rd quarter worth approximately $145,000. Los Angeles Capital Management LLC bought a new stake in shares of Capital City Bank Group in the 4th quarter valued at $272,000. BNP Paribas Financial Markets lifted its position in shares of Capital City Bank Group by 30.5% during the 4th quarter. BNP Paribas Financial Markets now owns 14,999 shares of the financial services provider’s stock valued at $441,000 after acquiring an additional 3,504 shares during the period. Finally, Swiss National Bank lifted its position in shares of Capital City Bank Group by 2.4% during the 3rd quarter. Swiss National Bank now owns 30,000 shares of the financial services provider’s stock valued at $895,000 after acquiring an additional 700 shares during the period. 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.