Capital City Bank Group (NASDAQ:CCBG) Upgraded at StockNews.com

Capital City Bank Group (NASDAQ:CCBG) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Separately, Keefe, Bruyette & Woods upped their price target on Capital City Bank Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $37.88.

Capital City Bank Group Stock Performance

Shares of NASDAQ:CCBG traded down $0.55 during trading on Monday, reaching $35.34. The stock had a trading volume of 20,876 shares, compared to its average volume of 20,525. The stock has a fifty day simple moving average of $37.82 and a two-hundred day simple moving average of $34.52. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. Capital City Bank Group has a 52 week low of $25.45 and a 52 week high of $40.86. The firm has a market capitalization of $598.80 million, a price-to-earnings ratio of 11.59 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The company had revenue of $68.84 million during the quarter, compared to analysts’ expectations of $54.40 million. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%. As a group, analysts anticipate that Capital City Bank Group will post 3.05 earnings per share 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 CCBG. Wilmington Savings Fund Society FSB acquired a new stake in Capital City Bank Group during the third quarter worth $35,000. Blue Trust Inc. increased its stake in Capital City Bank Group by 1,482.3% in the third quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 3,928 shares during the period. SG Americas Securities LLC acquired a new position in Capital City Bank Group in the third quarter worth about $184,000. FMR LLC lifted its stake in Capital City Bank Group by 48.5% during the third quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 2,164 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Capital City Bank Group in the 3rd quarter valued at approximately $235,000. 44.59% of the stock is currently 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.