Capital City Bank Group (NASDAQ:CCBG) Given New $50.00 Price Target at Keefe, Bruyette & Woods

Capital City Bank Group (NASDAQ:CCBG) had its target price boosted by investment analysts at Keefe, Bruyette & Woods from $45.00 to $50.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 6.61% from the company’s previous close.

A number of other research analysts have also weighed in on CCBG. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a research report on Friday, March 27th. Capital One Financial set a $45.00 target price on Capital City Bank Group in a report on Wednesday, January 28th. Zacks Research lowered Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Wall Street Zen lowered Capital City Bank Group from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Finally, Brean Capital lowered Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $47.50.

Capital City Bank Group Stock Up 0.1%

CCBG stock opened at $46.90 on Tuesday. Capital City Bank Group has a twelve month low of $34.83 and a twelve month high of $48.78. 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 firm has a market cap of $804.34 million, a PE ratio of 13.03 and a beta of 0.30. The business has a 50 day moving average of $43.56 and a 200 day moving average of $42.67.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Monday, April 20th. The financial services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. Capital City Bank Group had a return on equity of 11.55% and a net margin of 21.47%.The company had revenue of $84.92 million during the quarter, compared to analyst estimates of $63.25 million. On average, research analysts forecast that Capital City Bank Group will post 3.53 EPS for the current fiscal year.

Institutional Trading of Capital City Bank Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in shares of Capital City Bank Group by 32.4% in the 4th quarter. Wellington Management Group LLP now owns 547,871 shares of the financial services provider’s stock worth $23,323,000 after buying an additional 133,923 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Capital City Bank Group by 997.3% in the 3rd quarter. Bank of America Corp DE now owns 192,495 shares of the financial services provider’s stock worth $8,044,000 after buying an additional 174,953 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Capital City Bank Group by 45.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 86,575 shares of the financial services provider’s stock worth $3,685,000 after buying an additional 26,999 shares during the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of Capital City Bank Group by 5.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 75,193 shares of the financial services provider’s stock worth $3,201,000 after buying an additional 3,584 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in shares of Capital City Bank Group by 2.5% in the 4th quarter. Panagora Asset Management Inc. now owns 73,506 shares of the financial services provider’s stock worth $3,129,000 after buying an additional 1,796 shares during the last quarter. Institutional investors own 44.59% of the company’s stock.

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.