Capital City Bank Group (CCBG) Upgraded by BidaskClub to “Buy”

Capital City Bank Group (NASDAQ:CCBG) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Tuesday.

CCBG has been the topic of a number of other research reports. Zacks Investment Research raised Capital City Bank Group from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, October 25th. ValuEngine downgraded Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Hovde Group raised Capital City Bank Group from a “market perform” rating to an “outperform” rating and set a $26.50 price target on the stock in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $27.00 price target on shares of Capital City Bank Group in a research note on Wednesday, January 24th. Finally, Sandler O’Neill raised Capital City Bank Group from a “sell” rating to a “hold” rating and set a $24.00 price target on the stock in a research note on Wednesday, January 24th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $26.13.

Capital City Bank Group (NASDAQ CCBG) opened at $24.15 on Tuesday. Capital City Bank Group has a 1-year low of $17.68 and a 1-year high of $26.33. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $413.80, a price-to-earnings ratio of 37.73 and a beta of 0.74.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. Capital City Bank Group had a return on equity of 5.29% and a net margin of 7.83%. The firm had revenue of $34.39 million for the quarter. equities analysts expect that Capital City Bank Group will post 1.41 earnings per share for the current year.

In other news, Treasurer Thomas A. Barron sold 4,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $25.17, for a total value of $100,680.00. Following the transaction, the treasurer now owns 127,717 shares of the company’s stock, valued at approximately $3,214,636.89. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 26.17% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. acquired a new stake in Capital City Bank Group during the 3rd quarter worth $138,000. First Quadrant L P CA raised its stake in Capital City Bank Group by 84.9% during the 4th quarter. First Quadrant L P CA now owns 8,448 shares of the financial services provider’s stock worth $194,000 after buying an additional 3,878 shares during the period. OxFORD Asset Management LLP acquired a new stake in Capital City Bank Group during the 3rd quarter worth $229,000. New York State Common Retirement Fund raised its stake in Capital City Bank Group by 33.7% during the 2nd quarter. New York State Common Retirement Fund now owns 13,100 shares of the financial services provider’s stock worth $268,000 after buying an additional 3,299 shares during the period. Finally, Chicago Equity Partners LLC acquired a new stake in Capital City Bank Group during the 3rd quarter worth $293,000. 33.48% of the stock is currently owned by institutional investors.

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Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a financial holding company. The Company provides a range of banking and banking-related services to individual and corporate clients through its subsidiary, Capital City Bank (CCB or the Bank), with banking offices located in Florida, Georgia and Alabama. It operates through commercial banking segment with over four principal services, including Banking Services (CCB), Data Processing Services (Capital City Services Company), Trust and Asset Management Services (Capital City Trust Company) and Brokerage Services (Capital City Banc Investments, Inc).

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