Capital City Bank Group (NASDAQ:CCBG – Get Free Report) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday, Wall Street Zen reports.
A number of other research firms have also issued reports on CCBG. Weiss Ratings raised Capital City Bank Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday. Keefe, Bruyette & Woods raised their price target on Capital City Bank Group from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $51.75.
Get Our Latest Stock Report on Capital City Bank Group
Capital City Bank Group Price Performance
Capital City Bank Group (NASDAQ:CCBG – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Capital City Bank Group had a net margin of 21.37% and a return on equity of 11.11%. The business had revenue of $64.80 million during the quarter, compared to analysts’ expectations of $64.25 million. Equities analysts anticipate that Capital City Bank Group will post 3.69 EPS for the current fiscal year.
Institutional Investors Weigh In On Capital City Bank Group
Several hedge funds have recently modified their holdings of CCBG. Quantbot Technologies LP purchased a new stake in Capital City Bank Group in the 2nd quarter worth approximately $65,000. Globeflex Capital L P acquired a new position in Capital City Bank Group in the 2nd quarter valued at $144,000. The Manufacturers Life Insurance Company acquired a new position in Capital City Bank Group in the 2nd quarter valued at $208,000. Public Employees Retirement System of Ohio purchased a new position in shares of Capital City Bank Group during the 2nd quarter worth $208,000. Finally, Cim Investment Management Inc. purchased a new position in shares of Capital City Bank Group during the 2nd quarter worth $236,000. 44.59% of the stock is owned by institutional investors and hedge funds.
About Capital City Bank Group
Capital City Bank Group, Inc is a bank holding company headquartered in Tallahassee, Florida. Through its subsidiary, Capital City Bank, the company provides financial services to consumers, businesses, and institutions in North Florida and parts of Central Florida and Georgia.
Capital City Bank offers deposit products, checking and savings accounts, residential and commercial loans, mortgages, consumer financing, and other lending services. Its banking platform also includes online and mobile banking, treasury management, payment services, and other tools designed to support personal and business customers.
The company provides additional financial services through wealth management, trust, investment, and brokerage offerings.
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