ValuEngine Downgrades Capital City Bank Group (CCBG) to Sell

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Capital City Bank Group (NASDAQ:CCBG) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday.

Several other research analysts have also issued reports on the stock. Stephens reiterated a “hold” rating and issued a $24.00 price target on shares of Capital City Bank Group in a research note on Wednesday, December 19th. BidaskClub upgraded shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 15th. Finally, Zacks Investment Research lowered shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Friday, November 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Capital City Bank Group has a consensus rating of “Hold” and an average target price of $26.60.

Shares of Capital City Bank Group stock traded down $0.23 during trading on Friday, hitting $23.25. The company’s stock had a trading volume of 41,345 shares, compared to its average volume of 18,512. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $398.52 million, a price-to-earnings ratio of 17.88 and a beta of 0.78. Capital City Bank Group has a 52 week low of $19.92 and a 52 week high of $26.95.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, January 29th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The company had revenue of $37.59 million during the quarter, compared to analyst estimates of $36.10 million. Capital City Bank Group had a net margin of 17.37% and a return on equity of 7.71%. On average, equities analysts anticipate that Capital City Bank Group will post 1.64 EPS for the current year.

In other news, Director Laura L. Johnson acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were bought at an average cost of $24.97 per share, with a total value of $62,425.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 5,832 shares of company stock worth $142,103 over the last three months. 24.31% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its position in Capital City Bank Group by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 72,416 shares of the financial services provider’s stock valued at $1,680,000 after purchasing an additional 739 shares during the last quarter. Teton Advisors Inc. grew its position in Capital City Bank Group by 1.0% during the 4th quarter. Teton Advisors Inc. now owns 96,976 shares of the financial services provider’s stock valued at $2,251,000 after purchasing an additional 1,000 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. grew its position in Capital City Bank Group by 5.6% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 42,407 shares of the financial services provider’s stock valued at $984,000 after purchasing an additional 2,265 shares during the last quarter. Alliancebernstein L.P. grew its position in Capital City Bank Group by 8.6% during the 3rd quarter. Alliancebernstein L.P. now owns 36,620 shares of the financial services provider’s stock valued at $855,000 after purchasing an additional 2,891 shares during the last quarter. Finally, MetLife Investment Advisors LLC grew its position in Capital City Bank Group by 56.4% during the 3rd quarter. MetLife Investment Advisors LLC now owns 9,022 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 3,253 shares during the last quarter. 39.63% of the stock is currently owned by institutional investors.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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