Capital City Bank Group (CCBG) Earns Market-Perform Rating from FIG Partners

FIG Partners reissued their market-perform rating on shares of Capital City Bank Group (NASDAQ:CCBG) in a report issued on Monday morning. FIG Partners also issued estimates for Capital City Bank Group’s Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.27 EPS, FY2018 earnings at $1.06 EPS, Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.30 EPS and FY2019 earnings at $1.14 EPS.

A number of other brokerages also recently commented on CCBG. BidaskClub downgraded Capital City Bank Group from a buy rating to a hold rating in a research note on Monday, February 19th. Sandler O’Neill upgraded Capital City Bank Group from a sell rating to a hold rating and set a $24.00 price objective for the company in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods restated a hold rating and set a $27.00 price objective on shares of Capital City Bank Group in a research note on Wednesday, January 24th. Zacks Investment Research upgraded Capital City Bank Group from a hold rating to a strong-buy rating and set a $27.00 price objective for the company in a research note on Friday, December 29th. Finally, Hovde Group upgraded Capital City Bank Group from a market perform rating to an outperform rating and set a $26.50 price objective for the company in a research note on Wednesday, January 24th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $26.63.

Shares of NASDAQ CCBG opened at $24.03 on Monday. The company has a market capitalization of $414.21, a PE ratio of 27.31 and a beta of 0.68. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.24. Capital City Bank Group has a twelve month low of $17.68 and a twelve month high of $26.50.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Monday, April 23rd. The financial services provider reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.05). The company had revenue of $34.24 million for the quarter. Capital City Bank Group had a return on equity of 5.79% and a net margin of 9.84%. equities analysts forecast that Capital City Bank Group will post 1.41 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of CCBG. IFP Advisors Inc grew its stake in shares of Capital City Bank Group by 1,140.7% in the fourth quarter. IFP Advisors Inc now owns 147,477 shares of the financial services provider’s stock worth $3,383,000 after purchasing an additional 135,590 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. bought a new position in shares of Capital City Bank Group in the fourth quarter worth $921,000. Dalton Greiner Hartman Maher & Co. grew its stake in shares of Capital City Bank Group by 180.5% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 60,755 shares of the financial services provider’s stock worth $1,394,000 after purchasing an additional 39,094 shares in the last quarter. Capital City Trust Co. FL bought a new position in shares of Capital City Bank Group in the fourth quarter worth $897,000. Finally, Boston Partners grew its stake in shares of Capital City Bank Group by 22.8% in the fourth quarter. Boston Partners now owns 158,600 shares of the financial services provider’s stock worth $3,638,000 after purchasing an additional 29,400 shares in the last quarter. Hedge funds and other institutional investors own 33.82% of the company’s stock.

About Capital City Bank Group

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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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