Capital City Bank Group (NASDAQ:CCBG) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.

CCBG has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Capital City Bank Group from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday, October 25th. ValuEngine lowered shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $23.00 price target on shares of Capital City Bank Group in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Capital City Bank Group currently has a consensus rating of “Hold” and a consensus price target of $24.33.

Capital City Bank Group (NASDAQ CCBG) traded up $0.96 during midday trading on Tuesday, hitting $24.51. 70,683 shares of the company were exchanged, compared to its average volume of 15,077. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.77 and a quick ratio of 0.77. Capital City Bank Group has a twelve month low of $17.68 and a twelve month high of $26.01. The company has a market cap of $415.84, a P/E ratio of 29.18 and a beta of 0.66.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Capital City Bank Group had a net margin of 10.35% and a return on equity of 5.06%. The business had revenue of $34.26 million for the quarter. analysts forecast that Capital City Bank Group will post 0.86 EPS for the current year.

In other news, Treasurer Thomas A. Barron sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $25.17, for a total transaction of $100,680.00. Following the sale, the treasurer now owns 127,717 shares in the company, valued at $3,214,636.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.17% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. OxFORD Asset Management LLP purchased a new position in Capital City Bank Group during the third quarter valued at approximately $229,000. Dimensional Fund Advisors LP grew its position in Capital City Bank Group by 3.6% during the third quarter. Dimensional Fund Advisors LP now owns 769,157 shares of the financial services provider’s stock valued at $18,468,000 after purchasing an additional 26,903 shares in the last quarter. Hillsdale Investment Management Inc. grew its position in Capital City Bank Group by 51.1% during the third quarter. Hillsdale Investment Management Inc. now owns 38,450 shares of the financial services provider’s stock valued at $923,000 after purchasing an additional 13,000 shares in the last quarter. Wells Fargo & Company MN grew its position in Capital City Bank Group by 25.3% during the third quarter. Wells Fargo & Company MN now owns 27,769 shares of the financial services provider’s stock valued at $668,000 after purchasing an additional 5,613 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Capital City Bank Group by 156.3% during the third quarter. JPMorgan Chase & Co. now owns 13,211 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 8,056 shares in the last quarter. 32.24% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Capital City Bank Group (CCBG) Rating Lowered to Hold at BidaskClub” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/17/capital-city-bank-group-ccbg-rating-lowered-to-hold-at-bidaskclub.html.

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).

Receive News & Ratings for Capital City Bank Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital City Bank Group and related companies with MarketBeat.com's FREE daily email newsletter.