StockNews.com Downgrades Capital City Bank Group (NASDAQ:CCBG) to Hold

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday.

Separately, Keefe, Bruyette & Woods increased their price objective on shares of Capital City Bank Group from $43.00 to $44.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st.

Capital City Bank Group Price Performance

Shares of Capital City Bank Group stock opened at $38.77 on Wednesday. The stock has a market cap of $661.22 million, a price-to-earnings ratio of 12.43 and a beta of 0.33. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The stock has a 50 day moving average price of $36.02 and a 200-day moving average price of $36.77. Capital City Bank Group has a one year low of $25.45 and a one year high of $40.86.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.75 by $0.24. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. The company had revenue of $61.45 million during the quarter, compared to analyst estimates of $59.75 million. During the same period in the previous year, the firm earned $0.74 earnings per share. Equities analysts expect that Capital City Bank Group will post 3.06 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings in Capital City Bank Group by 53.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider's stock valued at $29,000 after buying an additional 277 shares in the last quarter. US Bancorp DE raised its stake in shares of Capital City Bank Group by 224.7% during the first quarter. US Bancorp DE now owns 1,143 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 791 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Capital City Bank Group by 30.9% during the fourth quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 442 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Capital City Bank Group by 15.4% during the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider's stock valued at $171,000 after acquiring an additional 645 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Capital City Bank Group by 8,208.6% in the first quarter. GAMMA Investing LLC now owns 4,819 shares of the financial services provider's stock valued at $173,000 after purchasing an additional 4,761 shares during the period. 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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