Capital City Bank Group (NASDAQ:CCBG) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Monday, Zacks.com reports.

According to Zacks, “Capital City Bank Group, Inc. is a financial holding company with banking subsidiaries and numerous indirect subsidiaries. The Banks are full service banks, engaged in the commercial and retail banking business, including accepting demand, savings and time deposits; extending credit; originating residential mortgage loans; and providing data processing services, asset management services, trust services, retail brokerage services and a broad range of other financial services to corporate and individual customers, governmental entities and correspondent banks. “

Other analysts also recently issued research reports about the stock. BidaskClub upgraded shares of Capital City Bank Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 9th. TheStreet downgraded shares of Capital City Bank Group from a “b-” rating to a “c+” rating in a research note on Tuesday, March 31st. Finally, ValuEngine downgraded shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $31.00.

NASDAQ CCBG traded down $0.19 during trading hours on Monday, reaching $19.64. 138,400 shares of the company were exchanged, compared to its average volume of 45,481. Capital City Bank Group has a 1 year low of $15.61 and a 1 year high of $30.95. The business’s 50 day simple moving average is $19.86 and its 200-day simple moving average is $23.81. The company has a quick ratio of 0.81, a current ratio of 0.84 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $338.22 million, a P/E ratio of 11.55 and a beta of 0.90.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. Capital City Bank Group had a net margin of 17.01% and a return on equity of 8.87%. The business had revenue of $41.25 million during the quarter, compared to the consensus estimate of $39.80 million. As a group, sell-side analysts anticipate that Capital City Bank Group will post 1.05 earnings per share for the current year.

In other news, Director Laura L. Johnson acquired 1,500 shares of Capital City Bank Group stock in a transaction that occurred on Monday, May 4th. The stock was bought at an average price of $20.45 per share, with a total value of $30,675.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stan W. Connally acquired 2,315 shares of Capital City Bank Group stock in a transaction that occurred on Tuesday, April 28th. The shares were purchased at an average cost of $22.50 per share, with a total value of $52,087.50. The disclosure for this purchase can be found here. Insiders bought 6,556 shares of company stock valued at $132,543 in the last quarter. Corporate insiders own 21.00% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in Capital City Bank Group by 9.5% during the first quarter. BlackRock Inc. now owns 1,326,313 shares of the financial services provider’s stock valued at $26,686,000 after acquiring an additional 114,656 shares in the last quarter. State Street Corp increased its position in Capital City Bank Group by 4.1% during the 1st quarter. State Street Corp now owns 296,606 shares of the financial services provider’s stock valued at $5,968,000 after purchasing an additional 11,671 shares during the period. Renaissance Technologies LLC increased its position in Capital City Bank Group by 15.8% during the 4th quarter. Renaissance Technologies LLC now owns 278,529 shares of the financial services provider’s stock valued at $8,495,000 after purchasing an additional 38,100 shares during the period. Geode Capital Management LLC increased its position in Capital City Bank Group by 6.0% during the 1st quarter. Geode Capital Management LLC now owns 198,727 shares of the financial services provider’s stock valued at $3,998,000 after purchasing an additional 11,295 shares during the period. Finally, Panagora Asset Management Inc. increased its position in Capital City Bank Group by 12.5% during the 4th quarter. Panagora Asset Management Inc. now owns 127,443 shares of the financial services provider’s stock valued at $3,886,000 after purchasing an additional 14,202 shares during the period. 40.67% of the stock is owned by institutional investors.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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.

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