Capital City Bank Group (CCBG) Stock Rating Upgraded by Zacks Investment Research

Capital City Bank Group (NASDAQ:CCBG) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Friday. The brokerage currently has a $27.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 17.70% from the stock’s current price.

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. “

Several other analysts also recently weighed in on CCBG. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $23.00 target price on shares of Capital City Bank Group in a research report on Tuesday, October 3rd. BidaskClub downgraded Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, ValuEngine downgraded Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $24.33.

Shares of Capital City Bank Group (NASDAQ:CCBG) traded down $0.76 on Friday, reaching $22.94. The company had a trading volume of 15,364 shares, compared to its average volume of 23,737. The company has a market capitalization of $400.57, a P/E ratio of 27.31 and a beta of 0.66. Capital City Bank Group has a 12 month low of $17.68 and a 12 month high of $26.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.77 and a current ratio of 0.77.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. sell-side analysts anticipate that Capital City Bank Group will post 0.86 EPS for the current year.

In other news, Treasurer Thomas A. Barron sold 4,000 shares of Capital City Bank Group stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $25.17, for a total transaction of $100,680.00. Following the completion of the sale, the treasurer now directly owns 127,717 shares in the company, valued at $3,214,636.89. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 26.17% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in CCBG. Vanguard Group Inc. lifted its position in shares of Capital City Bank Group by 26.9% during the first quarter. Vanguard Group Inc. now owns 457,244 shares of the financial services provider’s stock worth $9,781,000 after purchasing an additional 96,943 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Capital City Bank Group by 20.5% in the second quarter. Russell Investments Group Ltd. now owns 53,490 shares of the financial services provider’s stock valued at $1,092,000 after acquiring an additional 9,113 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Capital City Bank Group by 1.1% in the second quarter. Rhumbline Advisers now owns 14,792 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 155 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Capital City Bank Group by 0.5% in the second quarter. Wells Fargo & Company MN now owns 22,156 shares of the financial services provider’s stock valued at $453,000 after acquiring an additional 101 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Capital City Bank Group by 9.4% in the second quarter. Alliancebernstein L.P. now owns 17,400 shares of the financial services provider’s stock valued at $355,000 after acquiring an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 32.24% of the company’s stock.

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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 (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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