Capital City Bank Group (NASDAQ:CCBG) Price Target Raised to $23.00
Capital City Bank Group (NASDAQ:CCBG) had its price target boosted by research analysts at Hovde Group from $22.50 to $23.00 in a research report issued to clients and investors on Thursday. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Hovde Group’s price target would indicate a potential upside of 8.34% from the company’s current price.
A number of other research analysts have also recently weighed in on CCBG. Stephens restated a “hold” rating on shares of Capital City Bank Group in a research report on Tuesday, April 25th. Zacks Investment Research upgraded Capital City Bank Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. Finally, BidaskClub cut Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Capital City Bank Group currently has an average rating of “Hold” and a consensus price target of $23.00.
Capital City Bank Group (NASDAQ:CCBG) traded up 0.57% during midday trading on Thursday, hitting $21.35. 5,175 shares of the stock were exchanged. The stock has a market cap of $361.97 million, a P/E ratio of 28.43 and a beta of 0.74. Capital City Bank Group has a one year low of $13.57 and a one year high of $23.15. The firm has a 50-day moving average price of $20.54 and a 200-day moving average price of $20.35.
Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. Capital City Bank Group had a return on equity of 4.51% and a net margin of 9.27%. The business had revenue of $33.63 million during the quarter, compared to analysts’ expectations of $33.60 million. On average, equities research analysts anticipate that Capital City Bank Group will post $0.81 EPS for the current fiscal year.
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In other Capital City Bank Group news, Director Allan G. Bense purchased 3,571 shares of the stock in a transaction on Friday, May 19th. The stock was bought at an average price of $18.20 per share, for a total transaction of $64,992.20. Following the acquisition, the director now directly owns 47,883 shares of the company’s stock, valued at $871,470.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Allan G. Bense purchased 1,429 shares of the stock in a transaction on Thursday, May 18th. The stock was acquired at an average price of $18.20 per share, with a total value of $26,007.80. Following the acquisition, the director now directly owns 44,312 shares in the company, valued at $806,478.40. The disclosure for this purchase can be found here. Company insiders own 26.17% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Boston Partners acquired a new stake in Capital City Bank Group during the first quarter valued at approximately $1,401,000. TNB Financial acquired a new stake in Capital City Bank Group during the first quarter valued at approximately $798,000. Russell Investments Group Ltd. acquired a new stake in Capital City Bank Group during the fourth quarter valued at approximately $154,000. Metropolitan Life Insurance Co. NY acquired a new stake in Capital City Bank Group during the fourth quarter valued at approximately $172,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in Capital City Bank Group during the first quarter valued at approximately $548,000. Institutional investors 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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