Capital City Bank Group (NASDAQ:CCBG) Downgraded by Brean Capital to “Neutral”

Capital City Bank Group (NASDAQ:CCBG) was downgraded by Brean Capital from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday.

Other research analysts have also recently issued research reports about the company. Capital One Financial set a $45.00 price objective on Capital City Bank Group in a research note on Wednesday, January 28th. Zacks Research cut Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a research note on Friday, March 27th. Wall Street Zen cut Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Finally, Keefe, Bruyette & Woods cut Capital City Bank Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $47.00 to $45.00 in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Capital City Bank Group presently has a consensus rating of “Hold” and an average price target of $47.50.

Capital City Bank Group Stock Up 0.1%

Shares of NASDAQ:CCBG opened at $46.90 on Tuesday. The stock has a fifty day simple moving average of $43.56 and a two-hundred day simple moving average of $42.67. The stock has a market capitalization of $804.34 million, a price-to-earnings ratio of 13.03 and a beta of 0.30. Capital City Bank Group has a 12-month low of $34.83 and a 12-month high of $48.78. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Monday, April 20th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. The business had revenue of $84.92 million during the quarter, compared to analysts’ expectations of $63.25 million. Capital City Bank Group had a return on equity of 11.55% and a net margin of 21.47%. On average, research analysts anticipate that Capital City Bank Group will post 3.53 earnings per share for the current fiscal year.

Institutional Trading of Capital City Bank Group

A number of institutional investors and hedge funds have recently modified their holdings of CCBG. State of Alaska Department of Revenue bought a new stake in shares of Capital City Bank Group in the 3rd quarter worth $28,000. Quarry LP bought a new stake in shares of Capital City Bank Group in the 3rd quarter worth $38,000. CWM LLC grew its holdings in shares of Capital City Bank Group by 140.7% in the third quarter. CWM LLC now owns 2,270 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 1,327 shares during the period. SG Americas Securities LLC bought a new stake in shares of Capital City Bank Group in the third quarter worth $122,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Capital City Bank Group in the second quarter worth $150,000. Institutional investors own 44.59% of the company’s stock.

About Capital City Bank Group

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.