Capital City Bank Group (NASDAQ:CCBG) Price Target Lowered to $30.00 at Piper Sandler

Capital City Bank Group (NASDAQ:CCBG) had its price objective reduced by equities research analysts at Piper Sandler from $34.00 to $30.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price objective suggests a potential upside of 10.05% from the company’s current price.

A number of other brokerages also recently weighed in on CCBG. Janney Montgomery Scott raised shares of Capital City Bank Group from a “neutral” rating to a “buy” rating and set a $37.50 price target for the company in a report on Wednesday, January 24th. DA Davidson cut their price target on shares of Capital City Bank Group from $34.00 to $32.50 and set a “neutral” rating for the company in a report on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods cut their price target on shares of Capital City Bank Group from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Capital City Bank Group currently has a consensus rating of “Moderate Buy” and an average price target of $34.25.

Capital City Bank Group Stock Up 0.3 %

Shares of CCBG opened at $27.26 on Tuesday. The firm’s 50-day simple moving average is $27.47 and its 200 day simple moving average is $28.31. Capital City Bank Group has a 52 week low of $25.57 and a 52 week high of $34.16. The firm has a market cap of $461.78 million, a P/E ratio of 8.88 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.81 and a current ratio of 0.81.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, January 23rd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). Capital City Bank Group had a return on equity of 12.26% and a net margin of 19.86%. The business had revenue of $63.34 million for the quarter, compared to analyst estimates of $56.50 million. On average, analysts forecast that Capital City Bank Group will post 2.87 earnings per share for the current year.

Insider Transactions at Capital City Bank Group

In related news, Director Marshall M. Criser III purchased 1,300 shares of Capital City Bank Group stock in a transaction on Thursday, February 29th. The stock was acquired at an average cost of $28.19 per share, for a total transaction of $36,647.00. Following the completion of the acquisition, the director now owns 15,200 shares of the company’s stock, valued at approximately $428,488. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 19.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Capital City Bank Group by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 850,987 shares of the financial services provider’s stock worth $25,046,000 after purchasing an additional 8,266 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Capital City Bank Group by 1.4% during the third quarter. Vanguard Group Inc. now owns 700,918 shares of the financial services provider’s stock worth $20,908,000 after purchasing an additional 9,449 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Capital City Bank Group by 3.9% during the third quarter. Bank of New York Mellon Corp now owns 90,974 shares of the financial services provider’s stock worth $2,714,000 after purchasing an additional 3,403 shares during the last quarter. Thomasville National Bank boosted its holdings in Capital City Bank Group by 17.8% during the first quarter. Thomasville National Bank now owns 82,704 shares of the financial services provider’s stock worth $2,291,000 after purchasing an additional 12,500 shares during the last quarter. Finally, Isthmus Partners LLC boosted its stake in Capital City Bank Group by 4.2% in the fourth quarter. Isthmus Partners LLC now owns 71,586 shares of the financial services provider’s stock valued at $2,107,000 after acquiring an additional 2,853 shares during the last quarter. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

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.