Capital City Bank Group (CCBG) Lowered to “Hold” at ValuEngine

ValuEngine lowered shares of Capital City Bank Group (NASDAQ:CCBG) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

Other analysts also recently issued reports about the company. Zacks Investment Research raised Capital City Bank Group from a hold rating to a buy rating and set a $27.00 price target for the company in a report on Wednesday, October 25th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $23.00 price target on shares of Capital City Bank Group in a report on Tuesday, October 3rd. Hovde Group lifted their price target on Capital City Bank Group from $22.50 to $23.00 and gave the stock a market perform rating in a report on Thursday, July 27th. Finally, BidaskClub downgraded Capital City Bank Group from a hold rating to a sell rating in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Capital City Bank Group currently has an average rating of Hold and a consensus price target of $24.33.

Capital City Bank Group (NASDAQ:CCBG) traded up $0.27 on Tuesday, reaching $23.29. The company had a trading volume of 20,400 shares, compared to its average volume of 24,660. Capital City Bank Group has a 1 year low of $15.55 and a 1 year high of $26.01. The firm has a market cap of $390.56, a PE ratio of 27.41 and a beta of 0.65. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.77 and a quick ratio of 0.77.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.04. The company had revenue of $34.26 million during the quarter. Capital City Bank Group had a return on equity of 5.06% and a net margin of 10.35%. equities research analysts anticipate that Capital City Bank Group will post 0.84 EPS for the current year.

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Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Capital City Bank Group by 3.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 769,157 shares of the financial services provider’s stock valued at $18,468,000 after purchasing an additional 26,903 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Capital City Bank Group by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 463,652 shares of the financial services provider’s stock valued at $9,467,000 after purchasing an additional 6,408 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Capital City Bank Group by 2.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 293,518 shares of the financial services provider’s stock valued at $5,993,000 after purchasing an additional 7,400 shares during the last quarter. State Street Corp lifted its holdings in shares of Capital City Bank Group by 8.9% in the 2nd quarter. State Street Corp now owns 227,241 shares of the financial services provider’s stock valued at $4,639,000 after purchasing an additional 18,499 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Capital City Bank Group by 7.8% in the 2nd quarter. Northern Trust Corp now owns 136,180 shares of the financial services provider’s stock valued at $2,781,000 after purchasing an additional 9,905 shares during the last quarter. 31.10% of the stock is owned by institutional investors and hedge funds.

About Capital City Bank Group

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 (CCB or the Bank), with banking offices located in Florida, Georgia and Alabama. It operates through commercial banking segment with over four principal services, including Banking Services (CCB), Data Processing Services (Capital City Services Company), Trust and Asset Management Services (Capital City Trust Company) and Brokerage Services (Capital City Banc Investments, Inc).

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