Capital City Bank Group, Inc. (CCBG) Receives Average Recommendation of “Hold” from Brokerages

Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) have received a consensus rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $26.13.

CCBG has been the topic of several research analyst reports. BidaskClub upgraded shares of Capital City Bank Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Zacks Investment Research lowered shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Sandler O’Neill upgraded shares of Capital City Bank Group from a “sell” rating to a “hold” rating and set a $24.00 target price on the stock in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods restated a “hold” rating and set a $27.00 target price on shares of Capital City Bank Group in a research report on Wednesday, January 24th. Finally, ValuEngine lowered shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th.

In related news, Treasurer Thomas A. Barron sold 4,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $25.17, for a total value of $100,680.00. Following the sale, the treasurer now directly owns 127,717 shares in the company, valued at approximately $3,214,636.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 26.17% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. purchased a new stake in shares of Capital City Bank Group in the 3rd quarter worth about $138,000. First Quadrant L P CA boosted its position in shares of Capital City Bank Group by 84.9% in the 4th quarter. First Quadrant L P CA now owns 8,448 shares of the financial services provider’s stock worth $194,000 after buying an additional 3,878 shares in the last quarter. OxFORD Asset Management LLP purchased a new stake in shares of Capital City Bank Group in the 3rd quarter worth about $229,000. Chicago Equity Partners LLC purchased a new stake in shares of Capital City Bank Group in the 3rd quarter worth about $293,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Capital City Bank Group in the 2nd quarter worth about $266,000. Institutional investors and hedge funds own 32.79% of the company’s stock.

Shares of Capital City Bank Group (CCBG) opened at $24.95 on Monday. The company has a market cap of $423.30, a price-to-earnings ratio of 38.98 and a beta of 0.74. Capital City Bank Group has a 1 year low of $17.68 and a 1 year high of $26.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.77 and a current ratio of 0.77.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, January 23rd. The financial services provider reported $0.24 EPS for the quarter. The company had revenue of $34.39 million for the quarter. Capital City Bank Group had a net margin of 7.83% and a return on equity of 5.29%. sell-side analysts predict that Capital City Bank Group will post 1.41 earnings per share for the current fiscal year.

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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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