Wall Street Zen Downgrades Capital City Bank Group (NASDAQ:CCBG) to Sell

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

A number of other brokerages have also weighed in on CCBG. Zacks Research lowered Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a research note 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. Finally, Capital One Financial set a $45.00 price objective on shares of Capital City Bank Group in a research note on Wednesday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $45.00.

Capital City Bank Group Price Performance

Capital City Bank Group stock opened at $41.76 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $712.84 million, a price-to-earnings ratio of 11.60 and a beta of 0.34. The firm has a 50-day moving average of $43.18 and a two-hundred day moving average of $41.99. Capital City Bank Group has a 1 year low of $32.38 and a 1 year high of $46.83.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results 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). The company had revenue of $63.46 million for the quarter, compared to analysts’ expectations of $64.65 million. Capital City Bank Group had a return on equity of 11.69% and a net margin of 21.47%. On average, research analysts forecast that Capital City Bank Group will post 3.06 earnings per share for the current year.

Institutional Investors Weigh In On Capital City Bank Group

Several institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue purchased a new position in shares of Capital City Bank Group in the third quarter worth $28,000. Quarry LP purchased a new position in shares of Capital City Bank Group during the 3rd quarter valued at approximately $38,000. CWM LLC increased its holdings 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 purchased a new position in shares of Capital City Bank Group in the 3rd quarter valued at about $122,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Capital City Bank Group in the second quarter valued at approximately $150,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

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.