Capital City Bank Group (NASDAQ:CCBG) Rating Lowered to Sell at ValuEngine

Capital City Bank Group (NASDAQ:CCBG) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

Several other equities research analysts have also recently weighed in on the stock. BidaskClub cut shares of Capital City Bank Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 11th. Zacks Investment Research raised shares of Capital City Bank Group from a “sell” rating to a “hold” rating in a research report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $26.67.

CCBG traded up $0.10 during trading on Thursday, hitting $25.29. 19,275 shares of the stock traded hands, compared to its average volume of 19,161. The company has a market cap of $434.10 million, a price-to-earnings ratio of 19.45 and a beta of 0.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.81. The company has a 50-day moving average price of $24.97. Capital City Bank Group has a 12-month low of $19.92 and a 12-month high of $26.95.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The business had revenue of $38.75 million during the quarter, compared to analysts’ expectations of $38.60 million. Capital City Bank Group had a net margin of 17.63% and a return on equity of 8.67%. As a group, equities research analysts expect that Capital City Bank Group will post 1.68 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Strs Ohio lifted its position in shares of Capital City Bank Group by 2.5% in the 2nd quarter. Strs Ohio now owns 24,700 shares of the financial services provider’s stock worth $613,000 after purchasing an additional 600 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Capital City Bank Group by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 72,416 shares of the financial services provider’s stock worth $1,680,000 after purchasing an additional 739 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Capital City Bank Group by 540.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,390 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 2,017 shares during the period. Metropolitan Life Insurance Co. NY lifted its position in shares of Capital City Bank Group by 355.9% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,167 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 3,253 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Capital City Bank Group by 5.7% in the 1st quarter. Acadian Asset Management LLC now owns 73,049 shares of the financial services provider’s stock worth $1,591,000 after purchasing an additional 3,913 shares during the period. 38.93% of the stock is owned by hedge funds and other 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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