Keefe, Bruyette & Woods Downgrades Capital City Bank Group (NASDAQ:CCBG) to Market Perform

Capital City Bank Group (NASDAQ:CCBG) was downgraded by investment analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued on Wednesday,Finviz reports. They presently have a $45.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 6.23% from the stock’s current price.

A number of other analysts have also recently weighed in on CCBG. Zacks Research raised shares of Capital City Bank Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Capital One Financial set a $45.00 price objective on Capital City Bank Group in a report on Wednesday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $45.00.

Capital City Bank Group Stock Performance

Shares of NASDAQ CCBG opened at $42.36 on Wednesday. The firm has a market capitalization of $723.09 million, a price-to-earnings ratio of 11.87 and a beta of 0.36. Capital City Bank Group has a one year low of $32.38 and a one year high of $46.83. The business has a fifty day simple moving average of $43.13 and a 200 day simple moving average of $41.99. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.08.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $64.65 million. Capital City Bank Group had a return on equity of 11.75% and a net margin of 21.50%. Sell-side analysts expect that Capital City Bank Group will post 3.06 EPS for the current year.

Hedge Funds Weigh In On Capital City Bank Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new stake in shares of Capital City Bank Group in the 3rd quarter valued at about $28,000. Quarry LP acquired a new stake in Capital City Bank Group during the 3rd quarter valued at $38,000. CWM LLC increased its holdings in shares of Capital City Bank Group by 140.7% in the third quarter. CWM LLC now owns 2,270 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 1,327 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Capital City Bank Group in the third quarter valued at about $122,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Capital City Bank Group during the 2nd quarter worth about $150,000. 44.59% of the stock is owned by institutional investors and hedge funds.

About Capital City Bank Group

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.