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

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

Separately, Keefe, Bruyette & Woods raised their target price 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, January 31st.

Capital City Bank Group Price Performance

Shares of CCBG opened at $36.29 on Friday. The stock has a market capitalization of $614.90 million, a P/E ratio of 11.63 and a beta of 0.54. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $40.86. The company has a 50 day moving average of $36.39 and a 200-day moving average of $36.23. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11.

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

Institutional Investors Weigh In On Capital City Bank Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in Capital City Bank Group by 53.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 277 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Capital City Bank Group during the third quarter worth about $35,000. Lazard Asset Management LLC grew its holdings in shares of Capital City Bank Group by 30.9% during the fourth quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 442 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Capital City Bank Group by 15.4% during the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 645 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Capital City Bank Group during the fourth quarter worth about $235,000. Institutional investors and hedge funds 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.