Capital City Bank Group (NASDAQ:CCBG) Stock Rating Lowered by Keefe, Bruyette & Woods

Capital City Bank Group (NASDAQ:CCBG) was downgraded by Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They presently have a $45.00 price objective on the financial services provider’s stock, down from their previous price objective of $47.00. Keefe, Bruyette & Woods’ price objective points to a potential upside of 8.64% from the company’s previous close.

CCBG has been the subject of several other reports. Zacks Research raised Capital City Bank Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a research report on Monday, December 29th. Finally, Capital One Financial set a $45.00 price target on Capital City Bank Group in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $45.00.

Capital City Bank Group Trading Up 3.1%

NASDAQ CCBG opened at $41.42 on Wednesday. The company has a market capitalization of $707.04 million, a price-to-earnings ratio of 11.51 and a beta of 0.36. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.83. Capital City Bank Group has a 12 month low of $32.38 and a 12 month high of $46.83. The company’s fifty day moving average price is $43.17 and its two-hundred day moving average price is $41.97.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, January 27th. The financial services provider reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.09). The company had revenue of $63.46 million during the quarter, compared to the consensus estimate of $64.65 million. Capital City Bank Group had a return on equity of 11.69% and a net margin of 21.47%. As a group, research analysts predict that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capital City Bank Group

Several institutional investors have recently modified their holdings of CCBG. AQR Capital Management LLC increased its holdings in shares of Capital City Bank Group by 24.1% in the 1st quarter. AQR Capital Management LLC now owns 12,177 shares of the financial services provider’s stock worth $438,000 after acquiring an additional 2,362 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Capital City Bank Group by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 327 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Capital City Bank Group by 8.1% in the first quarter. Empowered Funds LLC now owns 28,079 shares of the financial services provider’s stock valued at $1,010,000 after purchasing an additional 2,115 shares during the period. Jane Street Group LLC bought a new stake in shares of Capital City Bank Group during the first quarter valued at approximately $555,000. Finally, KLP Kapitalforvaltning AS raised its holdings in shares of Capital City Bank Group by 18.9% during the second quarter. KLP Kapitalforvaltning AS now owns 20,100 shares of the financial services provider’s stock valued at $791,000 after buying an additional 3,200 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.