Capital City Bank Group (CCBG) Downgraded by Zacks Investment Research to “Sell”

Capital City Bank Group (NASDAQ:CCBG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Capital City Bank Group, Inc. is a financial holding company with banking subsidiaries and numerous indirect subsidiaries. The Banks are full service banks, engaged in the commercial and retail banking business, including accepting demand, savings and time deposits; extending credit; originating residential mortgage loans; and providing data processing services, asset management services, trust services, retail brokerage services and a broad range of other financial services to corporate and individual customers, governmental entities and correspondent banks. “

In other news, Director J Everitt Drew acquired 3,376 shares of the firm’s stock in a transaction on Wednesday, June 15th. The stock was bought at an average cost of $14.94 per share, with a total value of $50,437.44. Following the transaction, the director now directly owns 31,068 shares in the company, valued at approximately $464,155.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in Capital City Bank Group by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 682,485 shares of the financial services provider’s stock worth $10,476,000 after buying an additional 6,675 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Capital City Bank Group by 3.8% in the fourth quarter. Ameriprise Financial Inc. now owns 470,245 shares of the financial services provider’s stock worth $7,220,000 after buying an additional 16,999 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Capital City Bank Group by 7.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 457,256 shares of the financial services provider’s stock worth $6,671,000 after buying an additional 30,546 shares during the last quarter. Foundry Partners LLC boosted its position in Capital City Bank Group by 0.3% in the second quarter. Foundry Partners LLC now owns 208,925 shares of the financial services provider’s stock worth $2,908,000 after buying an additional 625 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Capital City Bank Group by 0.4% in the first quarter. Geode Capital Management LLC now owns 66,700 shares of the financial services provider’s stock worth $973,000 after buying an additional 233 shares during the last quarter.

Shares of Capital City Bank Group (NASDAQ:CCBG) traded down 1.40% during trading on Thursday, reaching $14.08. The company had a trading volume of 10,637 shares. The stock has a 50 day moving average of $14.51 and a 200 day moving average of $14.58. Capital City Bank Group has a 52-week low of $12.83 and a 52-week high of $16.05. The stock has a market capitalization of $236.60 million and a price-to-earnings ratio of 24.70.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. Equities research analysts forecast that Capital City Bank Group will post $0.57 EPS for the current year.

Capital City Bank Group, Inc is a financial holding company. The Company provides a range of banking and banking-related services to individual and corporate clients through its subsidiary, Capital City Bank (the Bank), with banking offices located in Florida, Georgia and Alabama. The Company operates through commercial banking segment with over four principal services, including Banking Services, Data Processing Services, Trust and Asset Management Services, and Brokerage Services.