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

Key Points

• Wall Street Zen downgraded Capital City Bank Group (CCBG) from "hold" to "sell".
• Analyst consensus remains a "Hold" with an average price target of $45, though several firms (Capital One, KBW) trimmed ratings/targets while Weiss Ratings maintained a "buy".
• CCBG missed recent quarterly estimates (EPS $0.80 vs. $0.89; revenue $63.46M vs. $64.65M) and trades around $43 with a market cap near $738M and a P/E of 11.95.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

Several other brokerages have also commented on CCBG. Capital One Financial set a $45.00 price objective on Capital City Bank Group in a report on Wednesday, January 28th. Zacks Research lowered shares of Capital City Bank Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods cut shares of Capital City Bank Group from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $47.00 to $45.00 in a research note on Wednesday, January 28th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Capital City Bank Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $45.00.

Capital City Bank Group Price Performance

NASDAQ:CCBG opened at $43.02 on Friday. The firm has a market capitalization of $737.79 million, a price-to-earnings ratio of 11.95 and a beta of 0.32. Capital City Bank Group has a 52-week low of $32.38 and a 52-week high of $46.83. The stock has a fifty day moving average of $42.88 and a 200 day moving average of $42.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.83.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its earnings results on Tuesday, January 27th. The financial services provider reported $0.80 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.09). Capital City Bank Group had a return on equity of 11.55% and a net margin of 21.47%.The business had revenue of $63.46 million during the quarter, compared to the consensus estimate of $64.65 million. On average, research analysts expect that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Capital City Bank Group

Large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new stake in Capital City Bank Group in the third quarter worth $28,000. Quarry LP purchased a new position in shares of Capital City Bank Group in the third quarter worth about $38,000. CWM LLC increased its holdings in shares of 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 worth $95,000 after buying an additional 1,327 shares during the period. SG Americas Securities LLC bought a new stake in shares of Capital City Bank Group in the 3rd quarter valued at about $122,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Capital City Bank Group in the 2nd quarter valued at about $150,000. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.