BidaskClub Upgrades Capital City Bank Group (CCBG) to Buy

Capital City Bank Group (NASDAQ:CCBG) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Capital City Bank Group from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a research report on Friday, December 29th. ValuEngine cut shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Keefe, Bruyette & Woods restated a “hold” rating and set a $27.00 price objective on shares of Capital City Bank Group in a research report on Wednesday, January 24th. Hovde Group upgraded shares of Capital City Bank Group from a “market perform” rating to an “outperform” rating and set a $26.50 price objective for the company in a research report on Wednesday, January 24th. Finally, Sandler O’Neill upgraded shares of Capital City Bank Group from a “sell” rating to a “hold” rating and set a $24.00 price objective for the company in a research report on Wednesday, January 24th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $26.13.

Shares of Capital City Bank Group (NASDAQ:CCBG) opened at $24.15 on Tuesday. Capital City Bank Group has a 12-month low of $17.68 and a 12-month high of $26.33. The stock has a market cap of $409.73, a PE ratio of 37.73 and a beta of 0.74. 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 released its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. Capital City Bank Group had a net margin of 7.83% and a return on equity of 5.29%. The firm had revenue of $34.39 million during the quarter. analysts predict that Capital City Bank Group will post 1.41 EPS for the current year.

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 4,000 shares of Capital City Bank Group stock in a transaction dated Thursday, November 30th. The shares were 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 26.17% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in CCBG. Macquarie Group Ltd. acquired a new stake in shares of Capital City Bank Group during the third quarter valued at about $138,000. First Quadrant L P CA increased its position in shares of Capital City Bank Group by 84.9% during the fourth quarter. First Quadrant L P CA now owns 8,448 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 3,878 shares during the last quarter. OxFORD Asset Management LLP acquired a new stake in shares of Capital City Bank Group during the third quarter valued at about $229,000. New York State Common Retirement Fund increased its position in shares of Capital City Bank Group by 33.7% during the second quarter. New York State Common Retirement Fund now owns 13,100 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 3,299 shares during the last quarter. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Capital City Bank Group during the third quarter valued at about $293,000. Institutional investors and hedge funds own 33.48% of the company’s stock.

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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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