ValuEngine cut shares of Capital City Bank Group (NASDAQ:CCBG) from a buy rating to a hold rating in a research note published on Tuesday morning.

Several other brokerages also recently commented on CCBG. Zacks Investment Research downgraded shares of Capital City Bank Group from a buy rating to a hold rating in a research report on Thursday, October 26th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $23.00 price objective on shares of Capital City Bank Group in a research report on Tuesday, October 3rd. Hovde Group raised their price objective on shares of Capital City Bank Group from $22.50 to $23.00 and gave the stock a market perform rating in a research report on Thursday, July 27th. Finally, BidaskClub downgraded shares of Capital City Bank Group from a sell rating to a strong sell rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Capital City Bank Group presently has a consensus rating of Hold and an average price target of $24.33.

Shares of Capital City Bank Group (NASDAQ:CCBG) traded up $0.33 during mid-day trading on Tuesday, hitting $23.88. 16,100 shares of the stock traded hands, compared to its average volume of 24,600. The firm has a market cap of $399.55, a P/E ratio of 28.04 and a beta of 0.65. Capital City Bank Group has a one year low of $17.14 and a one year high of $26.01. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.24.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of $34.26 million during the quarter. Capital City Bank Group had a net margin of 10.35% and a return on equity of 5.06%. equities analysts expect that Capital City Bank Group will post 0.84 EPS for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of CCBG. Bank of New York Mellon Corp lifted its holdings in shares of Capital City Bank Group by 3.7% in the 1st quarter. Bank of New York Mellon Corp now owns 69,523 shares of the financial services provider’s stock worth $1,487,000 after purchasing an additional 2,466 shares in the last quarter. American International Group Inc. lifted its holdings in shares of Capital City Bank Group by 7.2% in the 1st quarter. American International Group Inc. now owns 6,779 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 453 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Capital City Bank Group by 1.9% in the 1st quarter. Alliancebernstein L.P. now owns 15,900 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 300 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Capital City Bank Group by 26.9% in the 1st quarter. Vanguard Group Inc. now owns 457,244 shares of the financial services provider’s stock worth $9,781,000 after purchasing an additional 96,943 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Capital City Bank Group by 3.2% in the 1st quarter. Geode Capital Management LLC now owns 83,048 shares of the financial services provider’s stock worth $1,776,000 after purchasing an additional 2,589 shares in the last quarter. Institutional investors own 31.10% of the company’s stock.

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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