Capital City Bank Group (NASDAQ:CCBG) Downgraded by StockNews.com to Hold

Capital City Bank Group (NASDAQ:CCBG) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

Separately, Keefe, Bruyette & Woods upped their price objective on shares of Capital City Bank Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $37.88.

Capital City Bank Group Stock Performance

CCBG stock traded down $0.05 during trading on Friday, hitting $36.38. 18,959 shares of the company traded hands, compared to its average volume of 27,251. The company has a market cap of $616.28 million, a PE ratio of 11.93 and a beta of 0.56. Capital City Bank Group has a 1 year low of $25.45 and a 1 year high of $40.86. The stock’s 50-day simple moving average is $37.38 and its 200 day simple moving average is $35.20. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The firm had revenue of $68.84 million for the quarter, compared to analyst estimates of $54.40 million. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. On average, equities analysts expect that Capital City Bank Group will post 3.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capital City Bank Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. lifted its holdings in Capital City Bank Group by 15.4% during the 4th quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock worth $171,000 after buying an additional 645 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Capital City Bank Group by 72.2% during the fourth quarter. SG Americas Securities LLC now owns 8,997 shares of the financial services provider’s stock worth $330,000 after buying an additional 3,772 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Capital City Bank Group by 80.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 87,396 shares of the financial services provider’s stock worth $3,084,000 after acquiring an additional 38,876 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Capital City Bank Group in the 3rd quarter valued at approximately $35,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Capital City Bank Group by 2.5% in the third quarter. Geode Capital Management LLC now owns 320,479 shares of the financial services provider’s stock valued at $11,312,000 after purchasing an additional 7,773 shares in the last quarter. 44.59% of the stock is owned by institutional investors and hedge funds.

About Capital City Bank Group

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.