Capital City Bank Group (NASDAQ:CCBG) Raised 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 research report issued on Wednesday.

Other analysts also recently issued reports about the stock. Keefe, Bruyette & Woods boosted their target price on shares of Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Hovde Group upped their price objective on shares of Capital City Bank Group from $30.00 to $37.00 and gave the company a “market perform” rating in a research note on Wednesday, July 24th. Finally, Piper Sandler cut Capital City Bank Group from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $30.00 to $34.00 in a research note on Monday, July 29th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.80.

Capital City Bank Group Stock Performance

Shares of NASDAQ CCBG traded up $0.34 during mid-day trading on Wednesday, hitting $35.33. The company had a trading volume of 22,913 shares, compared to its average volume of 31,695. Capital City Bank Group has a 12 month low of $25.45 and a 12 month high of $36.67. The stock has a market cap of $598.60 million, a price-to-earnings ratio of 11.51 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.83 and a quick ratio of 0.83. The firm’s 50 day simple moving average is $34.26 and its two-hundred day simple moving average is $30.62.

Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. The firm had revenue of $68.84 million for the quarter, compared to analysts’ expectations of $54.40 million. Capital City Bank Group had a return on equity of 11.67% and a net margin of 19.67%.

Insider Activity

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 8,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $35.26, for a total value of $282,080.00. Following the transaction, the treasurer now directly owns 143,681 shares in the company, valued at $5,066,192.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 8,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $35.26, for a total value of $282,080.00. Following the completion of the transaction, the treasurer now directly owns 143,681 shares of the company’s stock, valued at approximately $5,066,192.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the completion of the transaction, the treasurer now owns 140,681 shares in the company, valued at $4,756,424.61. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 19.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC increased its position in shares of Capital City Bank Group by 22.3% in the 1st quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock valued at $100,000 after buying an additional 662 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Capital City Bank Group by 6.5% in the 2nd quarter. Rhumbline Advisers now owns 21,602 shares of the financial services provider’s stock valued at $614,000 after purchasing an additional 1,316 shares during the period. Isthmus Partners LLC lifted its position in shares of Capital City Bank Group by 1.3% in the second quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock valued at $31,000 after buying an additional 1,346 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in Capital City Bank Group by 16.0% during the first quarter. Los Angeles Capital Management LLC now owns 10,710 shares of the financial services provider’s stock worth $297,000 after purchasing an additional 1,480 shares during the period. Finally, Panagora Asset Management Inc. grew its stake in Capital City Bank Group by 2.8% in the 2nd quarter. Panagora Asset Management Inc. now owns 78,097 shares of the financial services provider’s stock valued at $2,221,000 after buying an additional 2,093 shares during the last quarter. 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.