Capital City Bank Group (NASDAQ:CCBG)‘s stock had its “hold” rating reiterated by Keefe, Bruyette & Woods in a research note issued to investors on Tuesday. They presently have a $23.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential downside of 4.88% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the company. BidaskClub downgraded Capital City Bank Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Hovde Group raised their price objective on Capital City Bank Group from $22.50 to $23.00 and gave the company a “market perform” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $23.00.

Shares of Capital City Bank Group (NASDAQ CCBG) traded up 0.75% during trading on Tuesday, reaching $24.18. The company’s stock had a trading volume of 14,661 shares. The company has a 50 day moving average of $21.39 and a 200-day moving average of $20.64. Capital City Bank Group has a 12-month low of $14.29 and a 12-month high of $24.58. The stock has a market cap of $410.19 million, a price-to-earnings ratio of 32.72 and a beta of 0.67.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.21 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. The company had revenue of $33.63 million during the quarter, compared to analyst estimates of $33.60 million. Capital City Bank Group had a return on equity of 4.49% and a net margin of 9.27%. Analysts forecast that Capital City Bank Group will post $0.82 EPS for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Capital City Bank Group by 26.9% in the 1st quarter. Vanguard Group Inc. now owns 457,244 shares of the financial services provider’s stock worth $9,781,000 after acquiring an additional 96,943 shares during the last quarter. Russell Investments Group Ltd. raised its position in Capital City Bank Group by 493.5% in the 1st quarter. Russell Investments Group Ltd. now owns 44,377 shares of the financial services provider’s stock worth $950,000 after purchasing an additional 36,900 shares during the period. Deprince Race & Zollo Inc. raised its position in Capital City Bank Group by 36.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 95,657 shares of the financial services provider’s stock worth $1,953,000 after purchasing an additional 25,744 shares during the period. Isthmus Partners LLC raised its position in Capital City Bank Group by 100.6% in the 2nd quarter. Isthmus Partners LLC now owns 39,417 shares of the financial services provider’s stock worth $805,000 after purchasing an additional 19,764 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Capital City Bank Group by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 727,974 shares of the financial services provider’s stock worth $15,571,000 after purchasing an additional 19,729 shares during the period. 31.39% of the stock is currently owned by institutional investors and hedge funds.

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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