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

Capital City Bank Group (NASDAQ:CCBG) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Several other analysts have also commented on CCBG. Hovde Group increased their target price 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. Piper Sandler lowered shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $30.00 to $34.00 in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $35.80.

Capital City Bank Group Price Performance

Shares of NASDAQ:CCBG opened at $37.99 on Wednesday. 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 has a fifty-two week low of $25.45 and a fifty-two week high of $39.58. The firm has a 50-day simple moving average of $34.71 and a 200 day simple moving average of $31.25. The company has a market cap of $643.55 million, a PE ratio of 12.47 and a beta of 0.53.

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

Insider Transactions at Capital City Bank Group

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the transaction, the treasurer now owns 140,681 shares in the company, valued at approximately $4,756,424.61. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 19.40% of the company’s stock.

Hedge Funds Weigh In On Capital City Bank Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCBG. Isthmus Partners LLC grew its holdings in shares of Capital City Bank Group by 1.3% in 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. Lazard Asset Management LLC raised its position in shares of Capital City Bank Group by 22.3% in the 1st quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 662 shares during the last quarter. Blue Trust Inc. raised its position in shares of Capital City Bank Group by 1,482.3% in the 3rd quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 3,928 shares during the last quarter. SG Americas Securities LLC purchased a new position in Capital City Bank Group in the 3rd quarter worth about $184,000. Finally, Princeton Capital Management LLC purchased a new position in Capital City Bank Group in the 2nd quarter worth about $204,000. 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.