Capital City Bank Group (NASDAQ:CCBG) Downgraded by StockNews.com to “Hold”

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

Separately, Keefe, Bruyette & Woods raised their price objective on Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $36.80.

Capital City Bank Group Stock Performance

NASDAQ CCBG traded up $0.30 on Wednesday, hitting $36.88. 13,083 shares of the stock were exchanged, compared to its average volume of 31,529. The company has a market capitalization of $624.89 million, a PE ratio of 12.09 and a beta of 0.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The business’s fifty day moving average is $37.62 and its 200 day moving average is $33.99. Capital City Bank Group has a 52 week low of $25.45 and a 52 week high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%. The company had revenue of $68.84 million for the quarter, compared to analysts’ expectations of $54.40 million. Research analysts anticipate that Capital City Bank Group will post 3.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Capital City Bank Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Isthmus Partners LLC raised its stake in Capital City Bank Group by 1.3% in the 2nd quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,346 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Capital City Bank Group in the third quarter valued at approximately $35,000. Blue Trust Inc. raised its position in shares of Capital City Bank Group by 1,482.3% in the third quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock valued at $148,000 after buying an additional 3,928 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Capital City Bank Group during the third quarter worth approximately $184,000. Finally, Princeton Capital Management LLC bought a new position in Capital City Bank Group during the 2nd quarter worth $204,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

Capital City Bank Group Company Profile

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.