Capital City Bank Group (NASDAQ:CCBG) Stock Rating Upgraded by StockNews.com

Capital City Bank Group (NASDAQ:CCBG) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

A number of other brokerages also recently commented on CCBG. Hovde Group lifted their target price on shares of Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 24th. Piper Sandler cut Capital City Bank Group from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $30.00 to $34.00 in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods raised their target price on Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.80.

Capital City Bank Group Price Performance

Shares of NASDAQ CCBG opened at $38.34 on Thursday. Capital City Bank Group has a 52 week low of $25.45 and a 52 week high of $40.08. The stock has a market capitalization of $649.48 million, a price-to-earnings ratio of 12.74 and a beta of 0.53. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The firm has a 50-day simple moving average of $35.23 and a 200-day simple moving average of $31.70.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. The firm had revenue of $68.84 million for the quarter, compared to the consensus estimate of $54.40 million.

Insider Buying and Selling

In other news, Treasurer Thomas A. Barron sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the transaction, the treasurer now directly owns 140,681 shares of the company’s stock, valued at approximately $4,756,424.61. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 19.40% of the stock is owned by insiders.

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 the business. State Board of Administration of Florida Retirement System acquired a new position in shares of Capital City Bank Group in the 1st quarter valued at $585,000. American Century Companies Inc. boosted its stake in Capital City Bank Group by 40.9% in the second quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider’s stock valued at $3,201,000 after acquiring an additional 32,671 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Capital City Bank Group by 2.8% during the second quarter. Panagora Asset Management Inc. now owns 78,097 shares of the financial services provider’s stock worth $2,221,000 after purchasing an additional 2,093 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Capital City Bank Group by 9.9% during the second quarter. Bank of New York Mellon Corp now owns 65,048 shares of the financial services provider’s stock worth $1,850,000 after purchasing an additional 5,878 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of Capital City Bank Group by 12.9% in the 1st quarter. Boston Partners now owns 18,365 shares of the financial services provider’s stock valued at $509,000 after purchasing an additional 2,099 shares during the last quarter. 44.59% of the stock is owned by institutional investors and hedge funds.

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.