Capital City Bank Group (NASDAQ:CCBG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
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. “
A number of other equities research analysts have also recently commented on CCBG. BidaskClub cut shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. ValuEngine raised shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Finally, Hovde Group reaffirmed a “buy” rating and set a $29.00 price objective on shares of Capital City Bank Group in a research note on Friday, August 3rd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Capital City Bank Group presently has an average rating of “Hold” and a consensus target price of $27.00.
NASDAQ:CCBG traded down $0.01 during midday trading on Wednesday, hitting $24.20. The company’s stock had a trading volume of 11,800 shares, compared to its average volume of 21,243. Capital City Bank Group has a fifty-two week low of $19.76 and a fifty-two week high of $26.50. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.22. The company has a market cap of $418.20 million, a PE ratio of 27.50 and a beta of 0.64.
Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Capital City Bank Group had a net margin of 11.38% and a return on equity of 6.55%. The company had revenue of $35.31 million for the quarter, compared to the consensus estimate of $35.10 million. equities research analysts predict that Capital City Bank Group will post 1.19 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new stake in Capital City Bank Group in the 4th quarter valued at $132,000. Cim Investment Mangement Inc. acquired a new stake in Capital City Bank Group in the 2nd quarter valued at $334,000. First Trust Advisors LP grew its stake in Capital City Bank Group by 21.4% in the 2nd quarter. First Trust Advisors LP now owns 24,092 shares of the financial services provider’s stock valued at $569,000 after acquiring an additional 4,251 shares during the period. Strs Ohio grew its stake in Capital City Bank Group by 11.9% in the 2nd quarter. Strs Ohio now owns 30,200 shares of the financial services provider’s stock valued at $713,000 after acquiring an additional 3,200 shares during the period. Finally, California Public Employees Retirement System grew its stake in Capital City Bank Group by 8.1% in the 1st quarter. California Public Employees Retirement System now owns 39,115 shares of the financial services provider’s stock valued at $968,000 after acquiring an additional 2,915 shares during the period. 37.38% of the stock is currently owned by hedge funds and other institutional investors.
Capital City Bank Group Company Profile
Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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.
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