Capital City Bank Group (NASDAQ:CCBG) Stock Rating Upgraded by Wall Street Zen

Capital City Bank Group (NASDAQ:CCBG) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other brokerages also recently commented on CCBG. Weiss Ratings upgraded shares of Capital City Bank Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Keefe, Bruyette & Woods upped their price target on shares of Capital City Bank Group from $52.00 to $54.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.75.

Capital City Bank Group Price Performance

Shares of NASDAQ:CCBG opened at $50.53 on Friday. The company has a 50 day moving average of $50.07 and a 200 day moving average of $48.80. The stock has a market cap of $864.57 million, a P/E ratio of 13.81 and a beta of 0.36. Capital City Bank Group has a 12 month low of $38.55 and a 12 month high of $53.60. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.06.

Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results on Tuesday, October 20th. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. Capital City Bank Group had a net margin of 21.85% and a return on equity of 11.18%. The business had revenue of $64.39 million for the quarter, compared to analyst estimates of $65.50 million. As a group, sell-side analysts forecast that Capital City Bank Group will post 3.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its stake in shares of Capital City Bank Group by 42.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 760 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 225 shares in the last quarter. Inspire Investing LLC raised its position in Capital City Bank Group by 6.9% in the 1st quarter. Inspire Investing LLC now owns 11,772 shares of the financial services provider’s stock worth $512,000 after purchasing an additional 758 shares during the period. Quantbot Technologies LP purchased a new position in Capital City Bank Group in the 2nd quarter worth $65,000. Susquehanna Fundamental Investments LLC raised its position in Capital City Bank Group by 10.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 14,404 shares of the financial services provider’s stock worth $712,000 after purchasing an additional 1,400 shares during the period. Finally, Murphy Middleton Hinkle & Parker Inc. lifted its stake in Capital City Bank Group by 1.2% in the second quarter. Murphy Middleton Hinkle & Parker Inc. now owns 145,945 shares of the financial services provider’s stock worth $7,213,000 after purchasing an additional 1,666 shares during the last quarter. Hedge funds and other institutional investors own 44.59% of the company’s stock.

About Capital City Bank Group

Capital City Bank Group, Inc is a financial holding company headquartered in Tallahassee, Florida. Through its principal subsidiary, Capital City Bank, the company provides banking and financial services to individuals, businesses, and public-sector organizations.

Its offerings include consumer and commercial deposit accounts, business and personal lending, mortgage services, cash-management solutions, online and mobile banking, and wealth-management services. The company also provides trust and investment services through its banking operations.

Founded in 1895, Capital City Bank Group has developed a community-banking network serving markets in North Florida and Georgia, including the Tallahassee area.