Capital City Bank Group (NASDAQ:CCBG) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Capital City Bank Group (NASDAQ:CCBG) had its target price hoisted by analysts at Keefe, Bruyette & Woods from $39.00 to $43.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 8.72% from the company’s current price.

Separately, StockNews.com cut Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Monday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $36.80.

Capital City Bank Group Stock Down 0.3 %

Shares of CCBG stock opened at $39.55 on Wednesday. The stock has a 50 day moving average of $36.56 and a 200 day moving average of $32.90. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $40.86. The stock has a market cap of $669.98 million, a P/E ratio of 12.97 and a beta of 0.56. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 EPS for the quarter, beating 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 business had revenue of $68.84 million during the quarter, compared to analysts’ expectations of $54.40 million. As a group, sell-side analysts expect that Capital City Bank Group will post 3.05 EPS for the current year.

Insider Buying and Selling

In related news, Treasurer Thomas A. Barron sold 3,000 shares of Capital City Bank Group stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total value 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 trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 19.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in Capital City Bank Group by 40.9% during the 2nd quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider’s stock worth $3,201,000 after acquiring an additional 32,671 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Capital City Bank Group by 2.8% in the 2nd quarter. Panagora Asset Management Inc. now owns 78,097 shares of the financial services provider’s stock valued at $2,221,000 after acquiring an additional 2,093 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Capital City Bank Group by 9.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 65,048 shares of the financial services provider’s stock valued at $1,850,000 after acquiring an additional 5,878 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Capital City Bank Group by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 867,642 shares of the financial services provider’s stock worth $24,675,000 after purchasing an additional 4,606 shares during the last quarter. Finally, Prospector Partners LLC boosted its holdings in Capital City Bank Group by 17.6% in the second quarter. Prospector Partners LLC now owns 32,685 shares of the financial services provider’s stock worth $930,000 after purchasing an additional 4,900 shares during the period. 44.59% of the stock is currently owned by hedge funds and other 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.