Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Capital City Bank Group (NASDAQ:CCBG) Stock

Capital City Bank Group (NASDAQ:CCBG) had its price target upped by investment analysts at Keefe, Bruyette & Woods from $52.00 to $54.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 5.99% from the stock’s previous close.

A number of other analysts have also recently issued reports on CCBG. Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a research note on Wednesday, June 24th. Wall Street Zen cut shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Capital One Financial set a $49.50 target price on shares of Capital City Bank Group in a research note on Tuesday, April 21st. Finally, Brean Capital downgraded shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Capital City Bank Group presently has an average rating of “Hold” and a consensus target price of $51.75.

Capital City Bank Group Trading Up 0.0%

Shares of NASDAQ:CCBG opened at $50.95 on Wednesday. The stock has a 50 day moving average of $47.72 and a 200 day moving average of $45.30. The company has a market cap of $871.25 million, a PE ratio of 14.15 and a beta of 0.31. Capital City Bank Group has a 12-month low of $38.00 and a 12-month high of $52.22. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, July 21st. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Capital City Bank Group had a net margin of 21.37% and a return on equity of 11.20%. The company had revenue of $63.88 million for the quarter, compared to analysts’ expectations of $64.25 million. As a group, equities research analysts expect that Capital City Bank Group will post 3.69 EPS for the current year.

Institutional Investors Weigh In On Capital City Bank Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new position in shares of Capital City Bank Group in the third quarter worth $38,000. Raymond James Financial Inc. purchased a new position in Capital City Bank Group during the second quarter valued at $150,000. Tower Research Capital LLC TRC grew its stake in Capital City Bank Group by 1,282.5% during the second quarter. Tower Research Capital LLC TRC now owns 4,106 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 3,809 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Capital City Bank Group by 11.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 4,200 shares of the financial services provider’s stock valued at $179,000 after acquiring an additional 420 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Capital City Bank Group by 65.7% in the 4th quarter. SG Americas Securities LLC now owns 4,830 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 1,915 shares during the last quarter. 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.