Capital City Bank Group (NASDAQ:CCBG) Cut to Hold at StockNews.com

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

Capital City Bank Group Stock Performance

Capital City Bank Group stock traded up $0.34 during mid-day trading on Monday, reaching $39.70. The company had a trading volume of 34,012 shares, compared to its average volume of 31,447. The company has a 50 day moving average of $36.28 and a 200-day moving average of $32.73. Capital City Bank Group has a 52 week low of $25.45 and a 52 week high of $40.86. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The firm has a market cap of $672.68 million, a price-to-earnings ratio of 13.02 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 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 company had revenue of $68.84 million during the quarter, compared to the consensus estimate of $54.40 million. On average, sell-side analysts expect that Capital City Bank Group will post 3.05 EPS for the current fiscal year.

Insider Activity

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of Capital City Bank Group stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the transaction, the treasurer now directly owns 140,681 shares of the company’s stock, valued at approximately $4,756,424.61. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 19.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in Capital City Bank Group in the 3rd quarter valued at $35,000. Blue Trust Inc. lifted its position in 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 worth $148,000 after buying an additional 3,928 shares in the last quarter. SG Americas Securities LLC bought a new stake in Capital City Bank Group during the 3rd quarter worth about $184,000. FMR LLC increased its position in Capital City Bank Group by 48.5% in the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 2,164 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Capital City Bank Group in the 3rd quarter valued at about $235,000. Institutional investors 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.