Capital City Bank Group (NASDAQ:CCBG) Stock Rating Lowered by Zacks Research

Key Points

• Capital City Bank Group's stock rating was downgraded from a "strong-buy" to a "hold" by Zacks Research, reflecting a shift in analyst sentiment.
• The average target price for Capital City Bank Group shares is currently $45.00, with two analysts providing a "Buy" rating and one a "Hold" rating.
• In its latest earnings report, Capital City Bank Group reported $0.88 EPS, exceeding the consensus estimate of $0.83, with revenue of $63.20 million, above the expected $62.35 million.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

CCBG has been the topic of several other research reports. Keefe, Bruyette & Woods lifted their target price on Capital City Bank Group from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of Capital City Bank Group in a research report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Capital City Bank Group has an average rating of "Moderate Buy" and an average target price of $45.00.

Capital City Bank Group Trading Down 0.9%

NASDAQ CCBG opened at $42.67 on Monday. The company has a market cap of $728.38 million, a price-to-earnings ratio of 12.48 and a beta of 0.35. Capital City Bank Group has a 52 week low of $32.38 and a 52 week high of $44.69. The business has a 50 day moving average price of $41.97 and a 200-day moving average price of $39.16. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.08.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.83 by $0.05. The firm had revenue of $63.20 million during the quarter, compared to the consensus estimate of $62.35 million. Capital City Bank Group had a return on equity of 11.56% and a net margin of 20.86%.During the same quarter in the previous year, the company posted $0.83 earnings per share. As a group, equities analysts expect that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Institutional Trading of Capital City Bank Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE raised its stake in shares of Capital City Bank Group by 224.7% during the 1st quarter. US Bancorp DE now owns 1,143 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 791 shares during the period. Raymond James Financial Inc. purchased a new stake in Capital City Bank Group during the 2nd quarter valued at about $150,000. Tower Research Capital LLC TRC boosted its holdings in Capital City Bank Group by 1,282.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,106 shares of the financial services provider's stock valued at $162,000 after acquiring an additional 3,809 shares during the period. GAMMA Investing LLC lifted its holdings in Capital City Bank Group by 8,208.6% in the 1st quarter. GAMMA Investing LLC now owns 4,819 shares of the financial services provider's stock worth $173,000 after buying an additional 4,761 shares during the period. Finally, Vident Advisory LLC purchased a new stake in Capital City Bank Group in the 2nd quarter worth approximately $201,000. 44.59% of the stock is currently owned by institutional investors.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking- related services to individual and corporate clients. The company 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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