Capital City Bank Group (NASDAQ:CCBG) PT Lowered to $30.00 at Piper Sandler

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) had its price objective cut by stock analysts at Piper Sandler from $34.00 to $30.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Piper Sandler's price target would suggest a potential upside of 10.38% from the company's previous close.

Other equities research analysts have also recently issued reports about the stock. DA Davidson reduced their target price on shares of Capital City Bank Group from $34.00 to $32.50 and set a "neutral" rating for the company in a research report on Tuesday, January 2nd. Keefe, Bruyette & Woods reduced their target price on shares of Capital City Bank Group from $38.00 to $37.00 and set an "outperform" rating for the company in a research report on Tuesday. Finally, Janney Montgomery Scott upgraded shares of Capital City Bank Group from a "neutral" rating to a "buy" rating and set a $37.50 target price for the company in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $34.25.

Capital City Bank Group Price Performance

Shares of Capital City Bank Group stock traded up $0.07 on Tuesday, reaching $27.18. The company's stock had a trading volume of 14,866 shares, compared to its average volume of 30,024. The company has a market capitalization of $460.51 million, a P/E ratio of 8.47 and a beta of 0.53. Capital City Bank Group has a 52-week low of $25.57 and a 52-week high of $34.16. The stock has a 50-day moving average price of $27.49 and a 200-day moving average price of $28.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.12.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.70 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.02). Capital City Bank Group had a return on equity of 12.99% and a net margin of 20.67%. The firm had revenue of $63.34 million for the quarter, compared to analysts' expectations of $56.50 million. Analysts expect that Capital City Bank Group will post 2.87 EPS for the current year.

Insider Buying and Selling

In other news, Director Marshall M. Criser III acquired 1,300 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average cost of $28.19 per share, for a total transaction of $36,647.00. Following the completion of the transaction, the director now owns 15,200 shares in the company, valued at $428,488. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 19.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Capital City Bank Group

A number of institutional investors have recently made changes to their positions in CCBG. DekaBank Deutsche Girozentrale acquired a new stake in shares of Capital City Bank Group during the third quarter valued at about $113,000. SG Americas Securities LLC purchased a new position in shares of Capital City Bank Group in the third quarter valued at approximately $145,000. Los Angeles Capital Management LLC purchased a new position in shares of Capital City Bank Group in the fourth quarter valued at approximately $272,000. BNP Paribas Financial Markets boosted its stake in shares of Capital City Bank Group by 30.5% in the fourth quarter. BNP Paribas Financial Markets now owns 14,999 shares of the financial services provider's stock valued at $441,000 after purchasing an additional 3,504 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Capital City Bank Group by 2.4% in the third quarter. Swiss National Bank now owns 30,000 shares of the financial services provider's stock valued at $895,000 after purchasing an additional 700 shares during the period. 44.59% of the stock is currently owned by institutional investors and hedge funds.

About Capital City Bank Group

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.