Capital City Bank Group (NASDAQ:CCBG) Stock Rating Lowered by Wall Street Zen

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

CCBG has been the topic of a number of other research reports. Capital One Financial set a $45.00 price target on shares of Capital City Bank Group in a report on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a report on Monday, December 29th. Keefe, Bruyette & Woods cut Capital City Bank Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $47.00 to $45.00 in a research note on Wednesday, January 28th. Finally, Zacks Research downgraded Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $45.00.

Capital City Bank Group Stock Performance

NASDAQ:CCBG opened at $43.02 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.83. Capital City Bank Group has a fifty-two week low of $32.38 and a fifty-two week high of $46.83. The firm has a market cap of $737.79 million, a PE ratio of 11.95 and a beta of 0.32. The business has a 50 day moving average price of $42.88 and a 200-day moving average price of $42.38.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.09). Capital City Bank Group had a return on equity of 11.55% and a net margin of 21.47%.The firm had revenue of $63.46 million during the quarter, compared to analysts’ expectations of $64.65 million. Equities research analysts predict that Capital City Bank Group will post 3.06 earnings per share for the current year.

Hedge Funds Weigh In On Capital City Bank Group

A number of institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its position in Capital City Bank Group by 32.6% during the fourth quarter. Hsbc Holdings PLC now owns 11,869 shares of the financial services provider’s stock valued at $502,000 after buying an additional 2,920 shares during the period. Empowered Funds LLC grew its position in shares of Capital City Bank Group by 10.4% in the 4th quarter. Empowered Funds LLC now owns 38,021 shares of the financial services provider’s stock worth $1,619,000 after buying an additional 3,584 shares during the period. Wellington Management Group LLP grew its position in shares of Capital City Bank Group by 32.4% in the 4th quarter. Wellington Management Group LLP now owns 547,871 shares of the financial services provider’s stock worth $23,323,000 after buying an additional 133,923 shares during the period. Occudo Quantitative Strategies LP bought a new position in shares of Capital City Bank Group in the 4th quarter worth about $273,000. Finally, Millennium Management LLC lifted its position in Capital City Bank Group by 50.1% during the 4th quarter. Millennium Management LLC now owns 66,856 shares of the financial services provider’s stock valued at $2,846,000 after acquiring an additional 22,315 shares during the period. Institutional investors own 44.59% of the company’s stock.

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.