Capital City Bank Group (NASDAQ:CCBG) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Capital City Bank Group (NASDAQ:CCBG) from a "sell" to a "hold" rating in its latest note to investors.
• The company reported quarterly EPS of $0.92, beating the $0.85 consensus by $0.07, while revenue came in at $62.75 million, slightly below estimates.
• MarketBeat's consensus rating is a Hold with an average target price of $49.75; the stock trades near $46 with a market cap of about $791 million and a P/E of 13.07.

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

A number of other analysts have also issued reports on the stock. Zacks Research lowered shares of Capital City Bank Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 28th. Weiss Ratings reissued a "buy (b)" rating on shares of Capital City Bank Group in a research note on Friday, March 27th. Keefe, Bruyette & Woods boosted their target price on shares of Capital City Bank Group from $45.00 to $50.00 and gave the company a "market perform" rating in a research note on Tuesday. Capital One Financial set a $49.50 price objective on Capital City Bank Group in a report on Tuesday. Finally, Brean Capital downgraded Capital City Bank Group from a "buy" rating to a "neutral" rating in a report on Tuesday. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $49.75.

Capital City Bank Group Stock Down 0.3%

NASDAQ CCBG opened at $46.15 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average of $43.82 and a two-hundred day moving average of $42.76. The firm has a market capitalization of $791.47 million, a price-to-earnings ratio of 13.07 and a beta of 0.30. Capital City Bank Group has a 52 week low of $34.83 and a 52 week high of $48.78.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last posted its quarterly earnings data on Monday, April 20th. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.85 by $0.07. The company had revenue of $62.75 million during the quarter, compared to analyst estimates of $63.25 million. Capital City Bank Group had a net margin of 21.01% and a return on equity of 11.21%. On average, analysts predict that Capital City Bank Group will post 3.69 earnings per share for the current year.

Hedge Funds Weigh In On Capital City Bank Group

A number of hedge funds have recently modified their holdings of CCBG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Capital City Bank Group by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider's stock valued at $294,000 after buying an additional 327 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Capital City Bank Group by 11.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 4,200 shares of the financial services provider's stock valued at $179,000 after buying an additional 420 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Capital City Bank Group in the 3rd quarter valued at about $28,000. Swiss National Bank boosted its stake in shares of Capital City Bank Group by 2.5% in the 4th quarter. Swiss National Bank now owns 28,600 shares of the financial services provider's stock valued at $1,218,000 after buying an additional 700 shares during the period. Finally, Inspire Investing LLC boosted its stake in shares of Capital City Bank Group by 6.9% in the 1st quarter. Inspire Investing LLC now owns 11,772 shares of the financial services provider's stock valued at $512,000 after buying an additional 758 shares during the period. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

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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