Keefe, Bruyette & Woods Lowers Capital City Bank Group (NASDAQ:CCBG) Price Target to $37.00

Capital City Bank Group (NASDAQ:CCBG) had its price target reduced by stock analysts at Keefe, Bruyette & Woods from $38.00 to $37.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 36.48% from the stock’s previous close.

Several other brokerages have also issued reports on CCBG. Piper Sandler began coverage on Capital City Bank Group in a report on Friday, January 5th. They set an “overweight” rating and a $34.00 price target for the company. Janney Montgomery Scott upgraded Capital City Bank Group from a “neutral” rating to a “buy” rating and set a $37.50 price target for the company in a report on Wednesday, January 24th. Finally, DA Davidson reduced their price target on Capital City Bank Group from $34.00 to $32.50 and set a “neutral” rating for the company in a report on Tuesday, January 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.25.

Capital City Bank Group Trading Up 0.1 %

Shares of NASDAQ CCBG opened at $27.11 on Tuesday. Capital City Bank Group has a one year low of $25.57 and a one year high of $34.16. The firm has a market capitalization of $459.24 million, a PE ratio of 8.45 and a beta of 0.53. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $27.49 and a two-hundred day moving average price of $28.33.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.02). The firm had revenue of $63.34 million for the quarter, compared to analyst estimates of $56.50 million. Capital City Bank Group had a net margin of 20.67% and a return on equity of 12.99%. As a group, analysts predict that Capital City Bank Group will post 2.87 earnings per share for the current fiscal year.

Insider Activity at Capital City Bank Group

In related news, Director Marshall M. Criser III acquired 1,300 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were acquired at an average cost of $28.19 per share, with a total value of $36,647.00. Following the purchase, the director now owns 15,200 shares of the company’s stock, valued at $428,488. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CCBG. DekaBank Deutsche Girozentrale bought a new position in shares of Capital City Bank Group in the 3rd quarter valued at approximately $113,000. SG Americas Securities LLC bought a new position in Capital City Bank Group in the 3rd quarter worth approximately $145,000. Los Angeles Capital Management LLC bought a new position in Capital City Bank Group in the 4th quarter worth approximately $272,000. BNP Paribas Financial Markets increased its position in Capital City Bank Group by 30.5% in the 4th quarter. BNP Paribas Financial Markets now owns 14,999 shares of the financial services provider’s stock worth $441,000 after buying an additional 3,504 shares during the period. Finally, Swiss National Bank increased its position in Capital City Bank Group by 2.4% in the 3rd quarter. Swiss National Bank now owns 30,000 shares of the financial services provider’s stock worth $895,000 after buying an additional 700 shares during the period. 44.59% of the stock is 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.