Wall Street Zen Upgrades Capital City Bank Group (NASDAQ:CCBG) to "Hold"

Key Points

• Wall Street Zen upgraded Capital City Bank Group from “sell” to “hold.” Analysts overall have a “Hold” consensus rating, with one Buy and three Hold ratings, and a consensus price target of $51.75.
• CCBG shares opened at $50.53, near their $50.07 50-day moving average, while the stock’s 12-month trading range is $38.55 to $53.60.
• The company reported quarterly EPS of $0.99, exceeding the $0.94 consensus estimate, although revenue of $64.39 million fell short of the $65.50 million forecast. Institutional investors and hedge funds own 44.59% of the shares.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings raised shares of Capital City Bank Group from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, October 8th. Keefe, Bruyette & Woods lifted their price target on shares of Capital City Bank Group from $52.00 to $54.00 and gave the stock a "market perform" rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Capital City Bank Group presently has an average rating of "Hold" and a consensus target price of $51.75.

Capital City Bank Group Trading Up 0.1%

Shares of NASDAQ:CCBG opened at $50.53 on Friday. The company has a market capitalization of $864.57 million, a PE ratio of 13.80 and a beta of 0.36. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.06. Capital City Bank Group has a 12-month low of $38.55 and a 12-month high of $53.60. The business's fifty day simple moving average is $50.07 and its 200-day simple moving average is $48.77.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.05. Capital City Bank Group had a return on equity of 11.18% and a net margin of 21.85%. The company had revenue of $64.39 million for the quarter, compared to the consensus estimate of $65.50 million. As a group, equities research analysts predict that Capital City Bank Group will post 3.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Capital City Trust Co. FL lifted its holdings in shares of Capital City Bank Group by 64.2% during the third quarter. Capital City Trust Co. FL now owns 23,705 shares of the financial services provider's stock worth $1,146,000 after purchasing an additional 9,268 shares during the period. Nisa Investment Advisors LLC boosted its position in Capital City Bank Group by 42.1% in the third quarter. Nisa Investment Advisors LLC now owns 760 shares of the financial services provider's stock valued at $37,000 after buying an additional 225 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. increased its holdings in Capital City Bank Group by 1.9% in the 3rd quarter. Murphy Middleton Hinkle & Parker Inc. now owns 148,688 shares of the financial services provider's stock worth $7,186,000 after buying an additional 2,743 shares during the period. Cim Investment Management Inc. acquired a new position in Capital City Bank Group in the 2nd quarter worth approximately $236,000. Finally, Susquehanna Fundamental Investments LLC increased its holdings in Capital City Bank Group by 10.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 14,404 shares of the financial services provider's stock worth $712,000 after buying an additional 1,400 shares during the period. 44.59% of the stock is owned by institutional investors and hedge funds.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a financial holding company headquartered in Tallahassee, Florida. Through its principal subsidiary, Capital City Bank, the company provides banking and financial services to individuals, businesses, and public-sector organizations.

Its offerings include consumer and commercial deposit accounts, business and personal lending, mortgage services, cash-management solutions, online and mobile banking, and wealth-management services. The company also provides trust and investment services through its banking operations.

Founded in 1895, Capital City Bank Group has developed a community-banking network serving markets in North Florida and Georgia, including the Tallahassee area.

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