Capital City Bank Group (NASDAQ:CCBG) Downgraded to “Hold” Rating by StockNews.com

Capital City Bank Group (NASDAQ:CCBG) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of Capital City Bank Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th.

Capital City Bank Group Stock Performance

Shares of NASDAQ CCBG opened at $36.38 on Friday. The stock has a market cap of $616.28 million, a price-to-earnings ratio of 11.93 and a beta of 0.56. The stock’s 50-day moving average is $37.34 and its 200 day moving average is $35.26. 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 has a 1-year low of $25.45 and a 1-year high of $40.86.

Hedge Funds Weigh In On Capital City Bank Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in Capital City Bank Group in the third quarter valued at approximately $35,000. Blue Trust Inc. increased its stake in shares of Capital City Bank Group by 1,482.3% in the third quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock worth $148,000 after buying an additional 3,928 shares during the period. SG Americas Securities LLC bought a new stake in Capital City Bank Group during the 3rd quarter valued at $184,000. FMR LLC boosted its position in 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 valued at $234,000 after buying an additional 2,164 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in Capital City Bank Group in the 3rd quarter worth $235,000. 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.