Capital City Bank Group (NASDAQ:CCBG) Rating Lowered to Hold at Zacks Research

Capital City Bank Group (NASDAQ:CCBG) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other brokerages have also commented on CCBG. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a report on Monday, December 29th. Keefe, Bruyette & Woods cut shares of Capital City Bank Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $47.00 to $45.00 in a research report on Wednesday. Finally, Capital One Financial set a $45.00 price target on shares of Capital City Bank Group in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $45.00.

Capital City Bank Group Stock Performance

Capital City Bank Group stock opened at $41.42 on Wednesday. Capital City Bank Group has a 1-year low of $32.38 and a 1-year high of $46.83. The firm has a market cap of $707.04 million, a P/E ratio of 11.51 and a beta of 0.36. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average of $43.17 and a 200-day moving average of $41.97.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.09). The business had revenue of $63.46 million during the quarter, compared to the consensus estimate of $64.65 million. Capital City Bank Group had a return on equity of 11.69% and a net margin of 21.47%. Sell-side analysts expect that Capital City Bank Group will post 3.06 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCBG. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Capital City Bank Group in the fourth quarter worth $232,000. SG Americas Securities LLC raised its holdings in Capital City Bank Group by 65.7% in the fourth quarter. SG Americas Securities LLC now owns 4,830 shares of the financial services provider’s stock worth $206,000 after buying an additional 1,915 shares during the last quarter. Diversified Trust Co. purchased a new position in Capital City Bank Group in the fourth quarter worth about $223,000. JPMorgan Chase & Co. lifted its stake in shares of Capital City Bank Group by 11.4% in the third quarter. JPMorgan Chase & Co. now owns 62,766 shares of the financial services provider’s stock worth $2,623,000 after buying an additional 6,428 shares in the last quarter. Finally, PharVision Advisers LLC purchased a new stake in shares of Capital City Bank Group during the third quarter valued at approximately $248,000. Institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.