Capital City Bank Group (NASDAQ:CCBG) Rating Increased to Buy at StockNews.com

Capital City Bank Group (NASDAQ:CCBG) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Separately, Keefe, Bruyette & Woods lifted their price target on shares of Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.80.

Capital City Bank Group Trading Down 1.0 %

NASDAQ CCBG traded down $0.40 during trading on Tuesday, hitting $39.00. The stock had a trading volume of 40,766 shares, compared to its average volume of 31,290. Capital City Bank Group has a one year low of $25.45 and a one year high of $40.86. The stock has a 50 day simple moving average of $37.40 and a 200 day simple moving average of $33.65. The stock has a market capitalization of $660.82 million, a price-to-earnings ratio of 12.79 and a beta of 0.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. The firm had revenue of $68.84 million during the quarter, compared to analyst estimates of $54.40 million. Sell-side analysts predict that Capital City Bank Group will post 3.05 earnings per share for the current year.

Institutional Investors Weigh In On Capital City Bank Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Isthmus Partners LLC boosted its holdings in Capital City Bank Group by 1.3% during the second quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock worth $31,000 after buying an additional 1,346 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Capital City Bank Group during the 3rd quarter worth about $35,000. Blue Trust Inc. grew its position in shares of Capital City Bank Group by 1,482.3% during the 3rd 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 purchased a new position in shares of Capital City Bank Group in the 3rd quarter valued at about $184,000. Finally, Princeton Capital Management LLC acquired a new position in Capital City Bank Group in the 2nd quarter worth about $204,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

About Capital City Bank Group

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.