BidaskClub cut shares of Capital City Bank Group (NASDAQ:CCBG) from a sell rating to a strong sell rating in a report released on Friday morning.

A number of other equities analysts have also issued reports on CCBG. Stephens restated a hold rating on shares of Capital City Bank Group in a research report on Tuesday, April 25th. Zacks Investment Research upgraded shares of Capital City Bank Group from a sell rating to a hold rating in a research report on Tuesday, April 25th. Finally, Hovde Group raised their target price 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. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company has a consensus rating of Hold and an average target price of $23.00.

Shares of Capital City Bank Group (NASDAQ:CCBG) opened at 21.36 on Friday. The firm’s 50-day moving average is $20.60 and its 200 day moving average is $20.38. Capital City Bank Group has a 52 week low of $13.57 and a 52 week high of $23.15. The firm has a market capitalization of $362.35 million, a PE ratio of 28.90 and a beta of 0.73.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. The business had revenue of $33.63 million for the quarter, compared to analyst estimates of $33.60 million. Capital City Bank Group had a net margin of 9.27% and a return on equity of 4.51%. On average, equities analysts forecast that Capital City Bank Group will post $0.81 earnings per share for the current year.

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In related news, Director Allan G. Bense purchased 1,429 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average cost of $18.20 per share, with a total value of $26,007.80. Following the completion of the acquisition, the director now directly owns 44,312 shares in the company, valued at $806,478.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Allan G. Bense purchased 3,571 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were bought at an average cost of $18.20 per share, with a total value of $64,992.20. Following the completion of the acquisition, the director now owns 47,883 shares of the company’s stock, valued at $871,470.60. The disclosure for this purchase can be found here. 26.17% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of CCBG. First Quadrant L P CA bought a new stake in shares of Capital City Bank Group during the second quarter valued at $102,000. American International Group Inc. increased its stake in shares of Capital City Bank Group by 7.2% in the first quarter. American International Group Inc. now owns 6,779 shares of the financial services provider’s stock valued at $145,000 after buying an additional 453 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Capital City Bank Group during the fourth quarter valued at $154,000. Acadian Asset Management LLC increased its stake in shares of Capital City Bank Group by 453.0% in the first quarter. Acadian Asset Management LLC now owns 7,554 shares of the financial services provider’s stock valued at $162,000 after buying an additional 6,188 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new stake in shares of Capital City Bank Group during the fourth quarter valued at $172,000. 31.09% of the stock is owned by hedge funds and other institutional investors.

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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