Capital City Bank Group (NASDAQ:CCBG) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research downgraded shares of Capital City Bank Group (NASDAQ:CCBG) from a hold rating to a sell rating in a research note issued to investors on Wednesday, Zacks.com reports.

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. “

CCBG has been the subject of a number of other reports. BidaskClub upgraded Capital City Bank Group from a strong sell rating to a sell rating in a research note on Tuesday, February 4th. ValuEngine lowered Capital City Bank Group from a hold rating to a sell rating in a research note on Friday, January 10th.

Shares of NASDAQ CCBG opened at $29.21 on Wednesday. The business has a fifty day simple moving average of $29.24 and a 200 day simple moving average of $27.93. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $492.42 million, a price-to-earnings ratio of 16.07 and a beta of 0.72. Capital City Bank Group has a one year low of $21.04 and a one year high of $30.95.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Thursday, January 30th. The financial services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. The business had revenue of $40.08 million during the quarter, compared to analyst estimates of $39.40 million. Capital City Bank Group had a return on equity of 9.78% and a net margin of 18.57%. On average, research analysts anticipate that Capital City Bank Group will post 1.82 earnings per share for the current fiscal year.

In related news, Director Laura L. Johnson acquired 1,500 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was purchased at an average cost of $28.94 per share, for a total transaction of $43,410.00. Following the completion of the purchase, the director now directly owns 5,960 shares of the company’s stock, valued at approximately $172,482.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 20.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can raised its stake in Capital City Bank Group by 41.7% during the fourth quarter. Bank of Montreal Can now owns 1,802 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 530 shares in the last quarter. Citigroup Inc. raised its stake in Capital City Bank Group by 70.3% during the fourth quarter. Citigroup Inc. now owns 2,769 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 1,143 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Capital City Bank Group by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 34,446 shares of the financial services provider’s stock worth $1,051,000 after acquiring an additional 1,306 shares in the last quarter. Victory Capital Management Inc. raised its stake in Capital City Bank Group by 69.5% during the fourth quarter. Victory Capital Management Inc. now owns 3,438 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 1,410 shares in the last quarter. Finally, KBC Group NV raised its stake in Capital City Bank Group by 50.6% during the fourth quarter. KBC Group NV now owns 4,351 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 1,461 shares in the last quarter. Hedge funds and other institutional investors own 40.90% of the company’s stock.

Capital City Bank Group Company Profile

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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