Capital City Bank Group (NASDAQ:CCBG) Cut to “Market Perform” at Keefe, Bruyette & Woods

Capital City Bank Group (NASDAQ:CCBG) was downgraded by Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday,Finviz reports. They currently have a $45.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 6.23% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a report on Monday, December 29th. Zacks Research raised Capital City Bank Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Finally, Capital One Financial set a $45.00 price target on Capital City Bank Group in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Capital City Bank Group currently has an average rating of “Buy” and an average price target of $45.00.

Capital City Bank Group Price Performance

Shares of NASDAQ CCBG opened at $42.36 on Wednesday. Capital City Bank Group has a twelve month low of $32.38 and a twelve month high of $46.83. The company has a market capitalization of $723.09 million, a price-to-earnings ratio of 11.87 and a beta of 0.36. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.08. The business has a 50 day simple moving average of $43.13 and a 200-day simple moving average of $41.99.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.09). Capital City Bank Group had a return on equity of 11.75% and a net margin of 21.50%.The company had revenue of $63.46 million for the quarter, compared to the consensus estimate of $64.65 million. As a group, equities research analysts expect that Capital City Bank Group will post 3.06 earnings per share for the current year.

Hedge Funds Weigh In On Capital City Bank Group

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC raised its holdings in shares of Capital City Bank Group by 65.7% during the fourth quarter. SG Americas Securities LLC now owns 4,830 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 1,915 shares in the last quarter. Diversified Trust Co. acquired a new position in Capital City Bank Group in the 4th quarter worth about $223,000. JPMorgan Chase & Co. raised its stake in shares of Capital City Bank Group by 11.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,766 shares of the financial services provider’s stock worth $2,623,000 after purchasing an additional 6,428 shares in the last quarter. PharVision Advisers LLC bought a new stake in Capital City Bank Group in the third quarter worth approximately $248,000. Finally, Quarry LP acquired a new stake in Capital City Bank Group in the 3rd quarter worth $38,000. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a Florida?based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.