Capital City Bank Group (NASDAQ:CCBG) Releases Quarterly Earnings Results, Meets Expectations
Capital City Bank Group (NASDAQ:CCBG) announced its earnings results on Tuesday. The financial services provider reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21, MarketWatch Earnings reports. The business had revenue of $33.63 million during the quarter, compared to the consensus estimate of $33.60 million. Capital City Bank Group had a net margin of 9.49% and a return on equity of 4.65%.
Capital City Bank Group (CCBG) traded up 1.93% during mid-day trading on Wednesday, reaching $21.62. 3,386 shares of the company’s stock were exchanged. The stock has a market cap of $366.55 million, a price-to-earnings ratio of 28.79 and a beta of 0.74. The company has a 50-day moving average of $20.45 and a 200-day moving average of $20.34. Capital City Bank Group has a 52-week low of $13.57 and a 52-week high of $23.15.
Several analysts recently commented on the stock. Zacks Investment Research raised shares of Capital City Bank Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. Stephens reaffirmed a “hold” rating on shares of Capital City Bank Group in a report on Tuesday, April 25th. Finally, BidaskClub downgraded shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.00.
In related news, Director Allan G. Bense acquired 1,429 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was acquired at an average price of $18.20 per share, for a total transaction of $26,007.80. Following the completion of the acquisition, the director now owns 44,312 shares of the company’s stock, valued at approximately $806,478.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Allan G. Bense acquired 3,571 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were bought at an average price of $18.20 per share, with a total value of $64,992.20. Following the acquisition, the director now directly owns 47,883 shares of the company’s stock, valued at approximately $871,470.60. The disclosure for this purchase can be found here. Company insiders own 26.17% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. First Quadrant L P CA bought a new stake in Capital City Bank Group during the second quarter worth about $102,000. American International Group Inc. increased its stake in Capital City Bank Group by 7.2% in the first quarter. American International Group Inc. now owns 6,779 shares of the financial services provider’s stock worth $145,000 after buying an additional 453 shares during the period. Russell Investments Group Ltd. bought a new stake in Capital City Bank Group during the fourth quarter worth about $154,000. Acadian Asset Management LLC raised its position in shares of Capital City Bank Group by 453.0% in the first quarter. Acadian Asset Management LLC now owns 7,554 shares of the financial services provider’s stock worth $162,000 after buying an additional 6,188 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new position in shares of Capital City Bank Group during the fourth quarter worth $172,000. Institutional investors and hedge funds own 31.00% of the company’s stock.
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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