Weiss Ratings Reaffirms "Buy (B)" Rating for Capital City Bank Group (NASDAQ:CCBG)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B)" rating for Capital City Bank Group (NASDAQ:CCBG), highlighting confidence in the stock's performance.
• Capital City Bank Group reported earnings of $0.88 per share, exceeding analysts' expectations of $0.83, and has an average price target of $45.00.
• Institutional ownership of Capital City Bank Group remains strong, with hedge funds holding approximately 44.59% of the stock.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other research firms have also recently weighed in on CCBG. Zacks Research cut Capital City Bank Group from a "strong-buy" rating to a "hold" rating in a research report on Monday. Keefe, Bruyette & Woods lifted their price objective 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. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $45.00.

Capital City Bank Group Stock Performance

Shares of Capital City Bank Group stock traded down $0.07 during trading hours on Wednesday, reaching $42.60. 58,879 shares of the stock traded hands, compared to its average volume of 32,923. The company has a 50 day moving average price of $42.03 and a 200 day moving average price of $39.18. The firm has a market capitalization of $727.18 million, a price-to-earnings ratio of 12.46 and a beta of 0.35. Capital City Bank Group has a one year low of $32.38 and a one year high of $44.69. 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 results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.05. The business 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 period in the previous year, the company posted $0.83 EPS. On average, equities research 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 have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Capital City Bank Group by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 759,811 shares of the financial services provider's stock worth $27,323,000 after acquiring an additional 11,624 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Capital City Bank Group by 8,208.6% during the 1st quarter. GAMMA Investing LLC now owns 4,819 shares of the financial services provider's stock worth $173,000 after acquiring an additional 4,761 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Capital City Bank Group during the 1st quarter worth approximately $1,199,000. American Century Companies Inc. increased its position in shares of Capital City Bank Group by 19.0% during the 1st quarter. American Century Companies Inc. now owns 257,804 shares of the financial services provider's stock valued at $9,271,000 after purchasing an additional 41,121 shares during the last quarter. Finally, KLP Kapitalforvaltning AS increased its position in shares of Capital City Bank Group by 72.4% during the 1st quarter. KLP Kapitalforvaltning AS now owns 16,900 shares of the financial services provider's stock valued at $608,000 after purchasing an additional 7,100 shares during the last quarter. 44.59% of the stock is owned by hedge funds and other institutional investors.

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.

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