Capital City Bank Group (CCBG) Announces Earnings Results, Beats Estimates By $0.04 EPS
Capital City Bank Group (NASDAQ:CCBG) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.04, MarketWatch Earnings reports. Capital City Bank Group had a return on equity of 4.49% and a net margin of 9.27%.
Capital City Bank Group (NASDAQ:CCBG) opened at 23.77 on Wednesday. The firm has a market cap of $403.23 million, a P/E ratio of 32.17 and a beta of 0.68. Capital City Bank Group has a 1-year low of $14.29 and a 1-year high of $25.35. The company has a 50-day moving average price of $22.95 and a 200-day moving average price of $21.07.
A number of research analysts recently commented on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $23.00 price target on shares of Capital City Bank Group in a research note on Tuesday, October 3rd. BidaskClub downgraded Capital City Bank Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Finally, Hovde Group boosted their price target 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 three have assigned a hold rating to the stock. Capital City Bank Group has an average rating of “Hold” and an average target price of $23.00.
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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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