Capital City Bank Group (CCBG) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a hold rating to a sell rating in a report published on Wednesday.

According to Zacks, “Capital City Bank Group, Inc. is a financial holding company with banking subsidiaries and numerous indirect subsidiaries. The Banks are full service banks, engaged in the commercial and retail banking business, including accepting demand, savings and time deposits; extending credit; originating residential mortgage loans; and providing data processing services, asset management services, trust services, retail brokerage services and a broad range of other financial services to corporate and individual customers, governmental entities and correspondent banks. “

Several other research firms have also recently weighed in on CCBG. BidaskClub raised Capital City Bank Group from a hold rating to a buy rating in a research note on Tuesday, July 24th. ValuEngine raised Capital City Bank Group from a hold rating to a buy rating in a research note on Friday, July 20th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $27.00 target price on shares of Capital City Bank Group in a research note on Thursday, July 26th. Stephens reaffirmed a hold rating and set a $26.00 target price on shares of Capital City Bank Group in a research note on Tuesday, July 31st. Finally, Hovde Group reaffirmed a buy rating and set a $29.00 target price on shares of Capital City Bank Group in a research note on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $26.80.



NASDAQ:CCBG opened at $23.35 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.76 and a current ratio of 0.76. Capital City Bank Group has a fifty-two week low of $19.92 and a fifty-two week high of $26.50. The stock has a market cap of $397.57 million, a price-to-earnings ratio of 19.92 and a beta of 0.67.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, October 23rd. The financial services provider reported $0.33 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. Capital City Bank Group had a return on equity of 6.89% and a net margin of 12.10%. The company had revenue of $36.93 million for the quarter, compared to analysts’ expectations of $36.10 million. As a group, equities analysts forecast that Capital City Bank Group will post 1.15 earnings per share for the current fiscal year.

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 Wednesday, September 12th. The stock was sold at an average price of $23.99, for a total transaction of $119,950.00. Following the transaction, the treasurer now owns 130,507 shares of the company’s stock, valued at approximately $3,130,862.93. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 24.31% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Cim Investment Mangement Inc. acquired a new stake in shares of Capital City Bank Group during the 2nd quarter valued at about $334,000. Acadian Asset Management LLC lifted its holdings in shares of Capital City Bank Group by 31.9% during the 2nd quarter. Acadian Asset Management LLC now owns 56,427 shares of the financial services provider’s stock valued at $1,333,000 after buying an additional 13,636 shares during the last quarter. Dalton Greiner Hartman Maher & Co. lifted its holdings in shares of Capital City Bank Group by 70.5% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 96,493 shares of the financial services provider’s stock valued at $2,280,000 after buying an additional 39,887 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Capital City Bank Group by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 816,412 shares of the financial services provider’s stock valued at $20,206,000 after buying an additional 26,860 shares during the last quarter. Finally, Teton Advisors Inc. lifted its holdings in shares of Capital City Bank Group by 16.2% during the 2nd quarter. Teton Advisors Inc. now owns 95,976 shares of the financial services provider’s stock valued at $2,268,000 after buying an additional 13,376 shares during the last quarter. Institutional investors and hedge funds own 37.39% of the company’s stock.

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.

Further Reading: Return on Investment (ROI) Defined, Explained

Get a free copy of the Zacks research report on Capital City Bank Group (CCBG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Capital City Bank Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital City Bank Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply