Zacks Investment Research upgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a sell rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “Capital City Bank Group, Inc. is a financial holding company with banking subsidiaries and numerous indirect subsidiaries. The Banks are full service banks, engaged in the commercial and retail banking business, including accepting demand, savings and time deposits; extending credit; originating residential mortgage loans; and providing data processing services, asset management services, trust services, retail brokerage services and a broad range of other financial services to corporate and individual customers, governmental entities and correspondent banks. “

Shares of Capital City Bank Group (NASDAQ:CCBG) traded up 2.63% during mid-day trading on Wednesday, reaching $17.59. The company’s stock had a trading volume of 5,517 shares. The company has a 50-day moving average of $15.27 and a 200-day moving average of $14.76. Capital City Bank Group has a 12 month low of $12.83 and a 12 month high of $18.10. The company has a market cap of $295.64 billion, a P/E ratio of 27.06 and a beta of 0.67.

Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results on Tuesday, October 25th. The financial services provider reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. Capital City Bank Group had a net margin of 8.18% and a return on equity of 4.01%. Equities research analysts forecast that Capital City Bank Group will post $0.66 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Capital City Bank Group during the third quarter valued at approximately $102,000. Emerald Acquisition Ltd. bought a new stake in shares of Capital City Bank Group during the second quarter valued at approximately $104,000. O Shaughnessy Asset Management LLC raised its stake in shares of Capital City Bank Group by 418.2% in the second quarter. O Shaughnessy Asset Management LLC now owns 11,474 shares of the financial services provider’s stock valued at $160,000 after buying an additional 9,260 shares during the period. Panagora Asset Management Inc. raised its stake in shares of Capital City Bank Group by 13.7% in the second quarter. Panagora Asset Management Inc. now owns 15,095 shares of the financial services provider’s stock valued at $210,000 after buying an additional 1,813 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of Capital City Bank Group by 6.2% in the second quarter. Alliancebernstein L.P. now owns 15,400 shares of the financial services provider’s stock valued at $214,000 after buying an additional 900 shares during the period. Institutional investors own 29.60% of the company’s stock.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a financial holding company. The Company provides a range of banking and banking-related services to individual and corporate clients through its subsidiary, Capital City Bank (the Bank), with banking offices located in Florida, Georgia and Alabama. The Company operates through commercial banking segment with over four principal services, including Banking Services, Data Processing Services, Trust and Asset Management Services, and Brokerage Services.

5 Day Chart for NASDAQ:CCBG

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