Capital City Bank Group (NASDAQ:CCBG) Cut to Hold at StockNews.com

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Friday.

Separately, Keefe, Bruyette & Woods increased their price objective on Capital City Bank Group from $43.00 to $44.00 and gave the company an "outperform" rating in a research report on Friday, January 31st.

Capital City Bank Group Price Performance

NASDAQ CCBG traded up $0.95 on Friday, reaching $35.78. 49,840 shares of the company's stock traded hands, compared to its average volume of 23,638. The stock has a market cap of $606.26 million, a PE ratio of 11.47 and a beta of 0.54. Capital City Bank Group has a 12 month low of $25.45 and a 12 month high of $40.86. The stock has a 50-day simple moving average of $36.35 and a 200 day simple moving average of $36.27. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.07. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. As a group, research analysts predict that Capital City Bank Group will post 3.06 earnings per share for the current year.

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Hedge Funds Weigh In On Capital City Bank Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC raised its position in Capital City Bank Group by 5.1% during the third quarter. Empowered Funds LLC now owns 24,809 shares of the financial services provider's stock valued at $876,000 after acquiring an additional 1,206 shares in the last quarter. Capital City Trust Co. FL increased its holdings in shares of Capital City Bank Group by 6.5% during the 3rd quarter. Capital City Trust Co. FL now owns 150,680 shares of the financial services provider's stock valued at $5,318,000 after purchasing an additional 9,148 shares in the last quarter. Princeton Capital Management LLC lifted its stake in shares of Capital City Bank Group by 7.0% in the 3rd quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider's stock valued at $271,000 after purchasing an additional 500 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Capital City Bank Group during the third quarter worth $323,000. Finally, FMR LLC grew its position in 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 period. 44.59% of the stock is owned by hedge funds and other institutional investors.

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.