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

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

Separately, Keefe, Bruyette & Woods raised their price objective 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $36.80.

Capital City Bank Group Price Performance

Shares of Capital City Bank Group stock traded up $0.30 on Wednesday, reaching $36.88. 13,083 shares of the stock were exchanged, compared to its average volume of 31,529. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market cap of $624.89 million, a PE ratio of 12.09 and a beta of 0.56. The firm’s 50 day moving average is $37.62 and its 200-day moving average is $33.99. Capital City Bank Group has a one year low of $25.45 and a one year high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results 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. The firm had revenue of $68.84 million during the quarter, compared to analysts’ expectations of $54.40 million. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. As a group, analysts anticipate that Capital City Bank Group will post 3.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Capital City Bank Group

Large investors have recently bought and sold shares of the company. Isthmus Partners LLC grew its holdings in shares of Capital City Bank Group by 1.3% during the second quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,346 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Capital City Bank Group during the 3rd quarter worth approximately $35,000. Blue Trust Inc. grew its holdings in Capital City Bank Group by 1,482.3% during the 3rd quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock worth $148,000 after acquiring an additional 3,928 shares during the last quarter. SG Americas Securities LLC acquired a new position in Capital City Bank Group in the 3rd quarter valued at approximately $184,000. Finally, Princeton Capital Management LLC bought a new position in shares of Capital City Bank Group during the second quarter valued at $204,000. 44.59% of the stock is currently owned by institutional investors.

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.