Capital City Bank Group (CCBG) Given Average Rating of “Hold” by Brokerages

Capital City Bank Group (NASDAQ:CCBG) has earned an average rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $26.50.

A number of research analysts have weighed in on CCBG shares. Zacks Investment Research lowered Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 27th. BidaskClub lowered Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Monday, February 19th. Hovde Group raised Capital City Bank Group from a “market perform” rating to an “outperform” rating and set a $26.50 target price for the company in a report on Wednesday, January 24th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $27.00 target price on shares of Capital City Bank Group in a report on Wednesday, January 24th. Finally, Sandler O’Neill set a $26.00 target price on Capital City Bank Group and gave the company a “hold” rating in a report on Wednesday, March 28th.

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 5,000 shares of Capital City Bank Group stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $23.27, for a total transaction of $116,350.00. Following the completion of the transaction, the treasurer now owns 131,507 shares of the company’s stock, valued at approximately $3,060,167.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 24.31% of the stock is owned by insiders.



Several hedge funds and other institutional investors have recently modified their holdings of CCBG. IFP Advisors Inc grew its holdings in shares of Capital City Bank Group by 1,140.7% during the fourth quarter. IFP Advisors Inc now owns 147,477 shares of the financial services provider’s stock worth $3,383,000 after purchasing an additional 135,590 shares in the last quarter. Teton Advisors Inc. purchased a new position in shares of Capital City Bank Group during the first quarter worth about $2,044,000. Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Capital City Bank Group during the fourth quarter worth about $921,000. Boston Partners grew its holdings in shares of Capital City Bank Group by 22.8% during the fourth quarter. Boston Partners now owns 158,600 shares of the financial services provider’s stock worth $3,638,000 after purchasing an additional 29,400 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Capital City Bank Group by 3.6% during the third quarter. Dimensional Fund Advisors LP now owns 769,157 shares of the financial services provider’s stock worth $18,468,000 after purchasing an additional 26,903 shares in the last quarter. 37.23% of the stock is owned by institutional investors.

Capital City Bank Group traded down $0.07, reaching $23.35, during midday trading on Wednesday, MarketBeat.com reports. The stock had a trading volume of 37,500 shares, compared to its average volume of 20,985. Capital City Bank Group has a 12 month low of $18.36 and a 12 month high of $26.50. The stock has a market capitalization of $402.24 million, a P/E ratio of 26.53 and a beta of 0.69. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.78 and a current ratio of 0.78.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Monday, April 23rd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.05). Capital City Bank Group had a net margin of 9.84% and a return on equity of 5.77%. The firm had revenue of $34.24 million during the quarter. equities research analysts forecast that Capital City Bank Group will post 1.24 EPS for the current fiscal year.

About Capital City Bank Group

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It offers financing for commercial business properties, equipment, inventories, and accounts receivable, as well as commercial leasing and letters of credit; treasury management services; and merchant credit card transaction processing services.

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