Keefe, Bruyette & Woods Lowers Capital City Bank Group (NASDAQ:CCBG) Price Target to $37.00

Capital City Bank Group (NASDAQ:CCBG) had its price objective decreased by research analysts at Keefe, Bruyette & Woods from $38.00 to $37.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 35.73% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Janney Montgomery Scott raised Capital City Bank Group from a “neutral” rating to a “buy” rating and set a $37.50 price objective on the stock in a research note on Wednesday, January 24th. DA Davidson cut their price objective on shares of Capital City Bank Group from $34.00 to $32.50 and set a “neutral” rating on the stock in a report on Tuesday, January 2nd. Finally, Piper Sandler began coverage on shares of Capital City Bank Group in a research report on Friday, January 5th. They set an “overweight” rating and a $34.00 target price on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Capital City Bank Group presently has an average rating of “Moderate Buy” and a consensus target price of $34.25.

Capital City Bank Group Stock Up 0.3 %

NASDAQ:CCBG opened at $27.26 on Tuesday. Capital City Bank Group has a twelve month low of $25.57 and a twelve month high of $34.16. The company’s 50 day moving average is $27.47 and its two-hundred day moving average is $28.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.12. The company has a market cap of $461.78 million, a PE ratio of 8.88 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.70 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.02). The company had revenue of $63.34 million during the quarter, compared to analysts’ expectations of $56.50 million. Capital City Bank Group had a return on equity of 12.26% and a net margin of 19.86%. Analysts anticipate that Capital City Bank Group will post 2.87 EPS for the current year.

Insider Transactions at Capital City Bank Group

In related news, Director Marshall M. Criser III acquired 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were acquired at an average price of $28.19 per share, with a total value of $36,647.00. Following the completion of the purchase, the director now directly owns 15,200 shares in the company, valued at $428,488. The purchase was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 19.40% of the company’s stock.

Hedge Funds Weigh In On Capital City Bank Group

Large investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale acquired a new stake in Capital City Bank Group during the 3rd quarter worth approximately $113,000. SG Americas Securities LLC purchased a new position in Capital City Bank Group in the 3rd quarter worth approximately $145,000. Los Angeles Capital Management LLC acquired a new stake in Capital City Bank Group in the fourth quarter valued at approximately $272,000. BNP Paribas Financial Markets raised its stake in shares of Capital City Bank Group by 30.5% during the fourth quarter. BNP Paribas Financial Markets now owns 14,999 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 3,504 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Capital City Bank Group by 2.4% in the third quarter. Swiss National Bank now owns 30,000 shares of the financial services provider’s stock valued at $895,000 after purchasing an additional 700 shares during the period. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking- related services to individual and corporate clients. The company 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.