Capital City Bank Group (NASDAQ:CCBG) Upgraded at StockNews.com

Capital City Bank Group (NASDAQ:CCBG) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Several other equities research analysts also recently commented on CCBG. Piper Sandler downgraded Capital City Bank Group from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $30.00 to $34.00 in a report on Monday, July 29th. Hovde Group increased 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 increased 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 given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.80.

Capital City Bank Group Trading Down 0.7 %

NASDAQ:CCBG opened at $35.07 on Wednesday. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $36.67. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $34.26 and a two-hundred day moving average price of $30.62. The company has a market cap of $594.19 million, a P/E ratio of 11.42 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The firm had revenue of $68.84 million during the quarter, compared to the consensus estimate of $54.40 million. Capital City Bank Group had a return on equity of 11.67% and a net margin of 19.67%.

Insider Activity at Capital City Bank Group

In related news, Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total value of $101,430.00. Following the sale, the treasurer now owns 140,681 shares in the company, valued at approximately $4,756,424.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total value of $101,430.00. Following the sale, the treasurer now owns 140,681 shares in the company, valued at approximately $4,756,424.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Thomas A. Barron sold 8,000 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $35.26, for a total value of $282,080.00. Following the completion of the sale, the treasurer now owns 143,681 shares in the company, valued at approximately $5,066,192.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 19.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CCBG. Heartland Advisors Inc. increased its position in Capital City Bank Group by 9.6% during the 1st quarter. Heartland Advisors Inc. now owns 608,610 shares of the financial services provider’s stock worth $16,858,000 after buying an additional 53,450 shares during the period. Isthmus Partners LLC grew its holdings in shares of Capital City Bank Group by 50.3% during the 1st quarter. Isthmus Partners LLC now owns 107,583 shares of the financial services provider’s stock worth $2,980,000 after purchasing an additional 35,997 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Capital City Bank Group by 40.9% during the 2nd quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider’s stock worth $3,201,000 after purchasing an additional 32,671 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in shares of Capital City Bank Group during the 1st quarter worth $585,000. Finally, Acadian Asset Management LLC grew its holdings in shares of Capital City Bank Group by 7.2% during the 2nd quarter. Acadian Asset Management LLC now owns 175,117 shares of the financial services provider’s stock worth $4,978,000 after purchasing an additional 11,742 shares in the last quarter. Institutional investors own 44.59% of the company’s stock.

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.