Capital City Bank Group (NASDAQ:CCBG) Raised to Buy at StockNews.com

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

Separately, Keefe, Bruyette & Woods raised their price objective on shares of Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Capital City Bank Group currently has an average rating of “Moderate Buy” and an average price target of $37.88.

Capital City Bank Group Price Performance

Shares of Capital City Bank Group stock traded down $0.55 on Monday, hitting $35.34. The company had a trading volume of 20,876 shares, compared to its average volume of 20,525. Capital City Bank Group has a 52 week low of $25.45 and a 52 week high of $40.86. The company has a market cap of $598.80 million, a PE ratio of 11.59 and a beta of 0.56. The business has a 50-day simple moving average of $37.82 and a 200-day simple moving average of $34.52. 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, beating the consensus estimate of $0.77 by $0.01. The company had revenue of $68.84 million for the quarter, compared to analysts’ expectations of $54.40 million. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. Research analysts expect that Capital City Bank Group will post 3.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Capital City Bank Group

A number of institutional investors have recently bought and sold shares of CCBG. Wilmington Savings Fund Society FSB acquired a new position in shares of Capital City Bank Group in the third quarter worth about $35,000. Blue Trust Inc. grew its position in Capital City Bank Group by 1,482.3% during the 3rd quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 3,928 shares in the last quarter. SG Americas Securities LLC purchased a new position in Capital City Bank Group during the 3rd quarter worth approximately $184,000. FMR LLC raised its stake in Capital City Bank Group by 48.5% during the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 2,164 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Capital City Bank Group in the third quarter valued at $235,000. Hedge funds and other institutional investors own 44.59% of the company’s stock.

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.