Capital City Bank Group (NASDAQ:CCBG) Stock Rating Lowered by Wall Street Zen

Capital City Bank Group (NASDAQ:CCBG) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other brokerages have also weighed in on CCBG. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a research report on Monday, December 29th. Keefe, Bruyette & Woods downgraded Capital City Bank Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $47.00 to $45.00 in a report on Wednesday, January 28th. Capital One Financial set a $45.00 price objective on shares of Capital City Bank Group in a research note on Wednesday, January 28th. Finally, Zacks Research lowered shares of Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $45.00.

Capital City Bank Group Stock Performance

Shares of CCBG opened at $43.02 on Friday. Capital City Bank Group has a 12-month low of $32.38 and a 12-month high of $46.83. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $737.79 million, a price-to-earnings ratio of 11.95 and a beta of 0.32. The stock’s 50-day moving average price is $42.88 and its 200 day moving average price is $42.37.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.09). Capital City Bank Group had a return on equity of 11.55% and a net margin of 21.47%.The firm had revenue of $63.46 million during the quarter, compared to the consensus estimate of $64.65 million. As a group, research analysts predict that Capital City Bank Group will post 3.06 earnings per share for the current year.

Hedge Funds Weigh In On Capital City Bank Group

Several institutional investors and hedge funds have recently modified their holdings of CCBG. State of Alaska Department of Revenue acquired a new stake in Capital City Bank Group during the 3rd quarter worth approximately $28,000. Quarry LP bought a new position in Capital City Bank Group in the third quarter valued at approximately $38,000. CWM LLC lifted its stake in Capital City Bank Group by 140.7% in the third quarter. CWM LLC now owns 2,270 shares of the financial services provider’s stock valued at $95,000 after buying an additional 1,327 shares in the last quarter. SG Americas Securities LLC bought a new position in Capital City Bank Group in the third quarter valued at approximately $122,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Capital City Bank Group in the second quarter valued at approximately $150,000. 44.59% of the stock is currently owned by institutional investors and hedge funds.

About Capital City Bank Group

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.