StockNews.com Upgrades Capital City Bank Group (NASDAQ:CCBG) to “Buy”

Capital City Bank Group (NASDAQ:CCBG) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

A number of other equities research analysts have also weighed in on the company. Piper Sandler lowered Capital City Bank Group from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $30.00 to $34.00 in a report on Monday, July 29th. Hovde Group lifted their price objective on Capital City Bank Group from $30.00 to $37.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods lifted their price objective on Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $35.80.

Capital City Bank Group Price Performance

Shares of CCBG opened at $38.75 on Thursday. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $40.08. The stock’s 50 day moving average is $35.04 and its two-hundred day moving average is $31.61. The firm has a market capitalization of $656.43 million, a PE ratio of 12.70 and a beta of 0.53. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. The company had revenue of $68.84 million for the quarter, compared to analyst estimates of $54.40 million.

Insider Transactions at Capital City Bank Group

In other news, Treasurer Thomas A. Barron sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the sale, the treasurer now owns 140,681 shares of the company’s stock, valued at $4,756,424.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 19.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC raised its position in shares of Capital City Bank Group by 22.3% during the 1st quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 662 shares during the last quarter. Blue Trust Inc. raised its position in shares of Capital City Bank Group by 1,482.3% during the 3rd quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 3,928 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Capital City Bank Group during the 3rd quarter worth approximately $184,000. FMR LLC raised its position in shares of Capital City Bank Group by 48.5% during the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 2,164 shares during the last quarter. Finally, Princeton Capital Management LLC acquired a new position in shares of Capital City Bank Group during the 2nd quarter worth approximately $204,000. 44.59% of the stock is currently owned by institutional investors and hedge funds.

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.