Wall Street Zen Upgrades Capital City Bank Group (NASDAQ:CCBG) to Hold

Capital City Bank Group (NASDAQ:CCBG) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other research firms have also recently issued reports on CCBG. Brean Capital cut Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. Keefe, Bruyette & Woods boosted their target price on Capital City Bank Group from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 22nd. Capital One Financial set a $49.50 target price on Capital City Bank Group in a research note on Tuesday, April 21st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $51.75.

Capital City Bank Group Stock Performance

Capital City Bank Group stock opened at $51.60 on Friday. The firm’s fifty day moving average price is $47.84 and its 200-day moving average price is $45.36. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $882.36 million, a P/E ratio of 14.33 and a beta of 0.31. Capital City Bank Group has a fifty-two week low of $38.00 and a fifty-two week high of $52.22.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, July 21st. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Capital City Bank Group had a return on equity of 11.20% and a net margin of 21.37%.The business had revenue of $63.88 million for the quarter, compared to analysts’ expectations of $64.25 million. On average, equities research analysts expect that Capital City Bank Group will post 3.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capital City Bank Group

A number of institutional investors and hedge funds have recently made changes to their positions in CCBG. Quarry LP bought a new stake in Capital City Bank Group during the third quarter valued at approximately $38,000. Raymond James Financial Inc. bought a new position in Capital City Bank Group in the second quarter worth approximately $150,000. Tower Research Capital LLC TRC boosted its stake in shares of Capital City Bank Group by 1,282.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,106 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 3,809 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Capital City Bank Group by 11.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 4,200 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 420 shares during the last quarter. Finally, Vident Advisory LLC bought a new stake in shares of Capital City Bank Group during the 2nd quarter valued at $201,000. Hedge funds and other 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.