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," joining other recent analyst moves (Brean cut to neutral, Zacks to hold) while Weiss Ratings still reiterates a "buy"; the consensus rating remains "Hold" with an average target price of $49.75.
• CCBG reported Q1 EPS of $0.92, beating estimates by $0.07 while revenue slightly missed, and the stock trades around $46.57 with a market cap of ~$796 million and a P/E of 13.19, near its 1-year high of $48.78.

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

Several other research analysts have also commented on CCBG. Brean Capital lowered Capital City Bank Group from a "buy" rating to a "neutral" rating in a report on Tuesday, April 21st. Capital One Financial set a $49.50 price target on Capital City Bank Group in a report on Tuesday, April 21st. Zacks Research lowered Capital City Bank Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 28th. Keefe, Bruyette & Woods lifted their price target on Capital City Bank Group from $45.00 to $50.00 and gave the stock a "market perform" rating in a report on Tuesday, April 21st. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Capital City Bank Group in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $49.75.

Capital City Bank Group Stock Performance

CCBG stock opened at $46.57 on Friday. The company has a market capitalization of $796.35 million, a P/E ratio of 13.19 and a beta of 0.33. Capital City Bank Group has a 1-year low of $35.72 and a 1-year high of $48.78. The business has a 50-day moving average price of $44.14 and a 200 day moving average price of $42.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.82.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its earnings results on Monday, April 20th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.07. Capital City Bank Group had a return on equity of 11.10% and a net margin of 21.01%.The firm had revenue of $62.75 million for the quarter, compared to analyst estimates of $63.25 million. As a group, equities research analysts forecast that Capital City Bank Group will post 3.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CCBG. Bank of America Corp DE grew its holdings in Capital City Bank Group by 997.3% in the third quarter. Bank of America Corp DE now owns 192,495 shares of the financial services provider's stock valued at $8,044,000 after purchasing an additional 174,953 shares during the last quarter. Wellington Management Group LLP grew its holdings in Capital City Bank Group by 32.4% in the fourth quarter. Wellington Management Group LLP now owns 547,871 shares of the financial services provider's stock valued at $23,323,000 after purchasing an additional 133,923 shares during the last quarter. Teton Advisors LLC acquired a new stake in Capital City Bank Group in the third quarter valued at $2,988,000. Millennium Management LLC grew its holdings in Capital City Bank Group by 667.3% in the third quarter. Millennium Management LLC now owns 44,541 shares of the financial services provider's stock valued at $1,861,000 after purchasing an additional 38,736 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Capital City Bank Group by 45.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 86,575 shares of the financial services provider's stock valued at $3,685,000 after purchasing an additional 26,999 shares during the last quarter. Hedge funds and other institutional investors own 44.59% of the company's stock.

Capital City Bank Group Company Profile

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.

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