StockNews.com Downgrades Capital City Bank Group (NASDAQ:CCBG) to Hold

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

Separately, Keefe, Bruyette & Woods boosted 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.

Capital City Bank Group Stock Down 0.1 %

Capital City Bank Group stock opened at $36.38 on Friday. The firm has a 50 day simple moving average of $37.34 and a 200 day simple moving average of $35.26. 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 has a 1-year low of $25.45 and a 1-year high of $40.86. The firm has a market capitalization of $616.28 million, a price-to-earnings ratio of 11.93 and a beta of 0.56.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in Capital City Bank Group during the third quarter valued at $35,000. Blue Trust Inc. boosted its position in shares of 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 valued at $148,000 after acquiring an additional 3,928 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Capital City Bank Group during the third quarter worth about $184,000. FMR LLC increased its position in shares of Capital City Bank Group by 48.5% in the third quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 2,164 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in Capital City Bank Group in the third quarter valued at approximately $235,000. 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.