Capital City Bank Group (NASDAQ:CCBG) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Capital City Bank Group (NASDAQ:CCBG) had its price objective boosted by analysts at Keefe, Bruyette & Woods from $43.00 to $44.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 19.27% from the stock’s current price.

Separately, StockNews.com downgraded Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Friday, January 24th.

Capital City Bank Group Stock Performance

Shares of NASDAQ:CCBG opened at $36.89 on Friday. The company has a market capitalization of $624.92 million, a price-to-earnings ratio of 11.82 and a beta of 0.56. Capital City Bank Group has a 52 week low of $25.45 and a 52 week high of $40.86. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average of $37.21 and a 200 day moving average of $35.55.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. On average, sell-side analysts predict that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Capital City Bank Group

A number of large investors have recently made changes to their positions in CCBG. Wilmington Savings Fund Society FSB purchased a new stake in shares of Capital City Bank Group during the third quarter valued at $35,000. Blue Trust Inc. grew its holdings in shares of Capital City Bank Group by 1,482.3% during the third quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock valued at $148,000 after buying an additional 3,928 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Capital City Bank Group during the third quarter valued at $184,000. FMR LLC grew its holdings in shares of Capital City Bank Group by 48.5% during the third 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 last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Capital City Bank Group during the third quarter valued at $235,000. 44.59% 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 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.