Capital City Bank Group (NASDAQ:CCBG) Raised to “Buy” at StockNews.com

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

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday.

Capital City Bank Group Trading Down 1.8 %

Shares of CCBG opened at $36.89 on Friday. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $40.86. The firm has a market capitalization of $624.92 million, a P/E ratio of 11.82 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. The stock’s fifty day simple moving average is $37.26 and its 200 day simple moving average is $35.51.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. On average, equities research analysts forecast that Capital City Bank Group will post 3.06 earnings per share for the current year.

Institutional Investors Weigh In On Capital City Bank Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp increased its stake in Capital City Bank Group by 1.8% during the third quarter. State Street Corp now owns 341,426 shares of the financial services provider’s stock valued at $12,049,000 after purchasing an additional 5,980 shares during the last quarter. Geode Capital Management LLC boosted its stake in Capital City Bank Group by 2.5% in the third quarter. Geode Capital Management LLC now owns 320,479 shares of the financial services provider’s stock valued at $11,312,000 after acquiring an additional 7,773 shares during the period. Wellington Management Group LLP bought a new position in shares of Capital City Bank Group during the third quarter valued at approximately $5,673,000. Capital City Trust Co. FL raised its position in shares of Capital City Bank Group by 6.5% during the 3rd quarter. Capital City Trust Co. FL now owns 150,680 shares of the financial services provider’s stock worth $5,318,000 after purchasing an additional 9,148 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Capital City Bank Group by 80.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 87,396 shares of the financial services provider’s stock worth $3,084,000 after purchasing an additional 38,876 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.