Capital City Bank Group (NASDAQ:CCBG) Upgraded to “Hold” at Wall Street Zen

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

Several other brokerages have also weighed in on CCBG. Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a report on Wednesday, June 24th. Capital One Financial set a $49.50 target price on Capital City Bank Group in a research note on Tuesday, April 21st. Brean Capital downgraded shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 21st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Capital City Bank Group from $52.00 to $54.00 and gave the stock a “market perform” rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.75.

Capital City Bank Group Stock Performance

NASDAQ CCBG opened at $51.60 on Friday. The company’s fifty day moving average is $47.84 and its two-hundred day moving average is $45.34. Capital City Bank Group has a 52-week low of $38.00 and a 52-week high of $52.22. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $882.36 million, a price-to-earnings ratio of 14.33 and a beta of 0.31.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $63.88 million during the quarter, compared to analysts’ expectations of $64.25 million. Equities research analysts forecast that Capital City Bank Group will post 3.69 EPS for the current year.

Hedge Funds Weigh In On Capital City Bank Group

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