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

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 note issued to investors on Wednesday.

CCBG has been the subject of several other research reports. Keefe, Bruyette & Woods upped their price objective on shares of Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Piper Sandler cut shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $30.00 to $34.00 in a research report on Monday, July 29th. Finally, Hovde Group increased their target price on shares of Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a report on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Capital City Bank Group has a consensus rating of “Hold” and a consensus price target of $35.80.

Capital City Bank Group Price Performance

CCBG traded up $3.50 on Wednesday, hitting $39.19. 90,351 shares of the stock were exchanged, compared to its average volume of 31,458. Capital City Bank Group has a 12 month low of $25.45 and a 12 month high of $39.58. The business has a 50-day moving average of $34.71 and a two-hundred day moving average of $31.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $663.88 million, a price-to-earnings ratio of 12.85 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.45%. The business had revenue of $68.84 million during the quarter, compared to analysts’ expectations of $54.40 million.

Insider Transactions at Capital City Bank Group

In other news, Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the completion of the transaction, the treasurer now owns 140,681 shares of the company’s stock, valued at approximately $4,756,424.61. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 19.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Capital City Bank Group by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 867,642 shares of the financial services provider’s stock valued at $24,675,000 after buying an additional 4,606 shares during the period. Heartland Advisors Inc. increased its stake in shares of Capital City Bank Group by 9.6% in the first quarter. Heartland Advisors Inc. now owns 608,610 shares of the financial services provider’s stock valued at $16,858,000 after buying an additional 53,450 shares during the period. Renaissance Technologies LLC increased its position in Capital City Bank Group by 4.0% during the 2nd quarter. Renaissance Technologies LLC now owns 206,871 shares of the financial services provider’s stock valued at $5,883,000 after purchasing an additional 8,000 shares during the period. Acadian Asset Management LLC increased its position in Capital City Bank Group by 7.2% during the 2nd quarter. Acadian Asset Management LLC now owns 175,117 shares of the financial services provider’s stock valued at $4,978,000 after purchasing an additional 11,742 shares during the period. Finally, American Century Companies Inc. increased its position in Capital City Bank Group by 40.9% during the 2nd quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider’s stock valued at $3,201,000 after purchasing an additional 32,671 shares during the period. Institutional investors and hedge funds 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.