Capital City Bank Group (NASDAQ:CCBG) Rating Lowered to “Sell” at Wall Street Zen

Capital City Bank Group (NASDAQ:CCBG) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

CCBG has been the topic of a number of other reports. Capital One Financial set a $45.00 price objective on shares of Capital City Bank Group in a research note on Wednesday. Zacks Research lowered Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods cut Capital City Bank Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $47.00 to $45.00 in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $45.00.

Capital City Bank Group Price Performance

Shares of NASDAQ CCBG opened at $41.76 on Friday. The stock has a market cap of $712.84 million, a P/E ratio of 11.60 and a beta of 0.36. Capital City Bank Group has a twelve month low of $32.38 and a twelve month high of $46.83. The stock has a 50 day moving average of $43.18 and a two-hundred day moving average of $41.97. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.08.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, January 27th. The financial services provider reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.09). Capital City Bank Group had a net margin of 21.47% and a return on equity of 11.69%. The business had revenue of $63.46 million during the quarter, compared to analyst estimates of $64.65 million. On average, research analysts forecast that Capital City Bank Group will post 3.06 earnings per share for the current year.

Institutional Trading of Capital City Bank Group

Hedge funds have recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in shares of Capital City Bank Group by 45.2% in the third quarter. Wellington Management Group LLP now owns 413,948 shares of the financial services provider’s stock valued at $17,299,000 after buying an additional 128,926 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Capital City Bank Group by 1.6% in the second quarter. Geode Capital Management LLC now owns 333,319 shares of the financial services provider’s stock valued at $13,118,000 after acquiring an additional 5,186 shares during the period. American Century Companies Inc. lifted its holdings in Capital City Bank Group by 13.8% in the second quarter. American Century Companies Inc. now owns 293,407 shares of the financial services provider’s stock valued at $11,546,000 after acquiring an additional 35,603 shares during the period. Bank of America Corp DE boosted its position in shares of Capital City Bank Group by 997.3% during the 3rd quarter. Bank of America Corp DE now owns 192,495 shares of the financial services provider’s stock worth $8,044,000 after purchasing an additional 174,953 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Capital City Bank Group by 1.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 102,106 shares of the financial services provider’s stock worth $4,018,000 after purchasing an additional 1,935 shares during the period. 44.59% of the stock is owned by institutional investors and hedge funds.

About Capital City Bank Group

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.