Capital City Bank Group (NASDAQ:CCBG) Rating Increased to Buy at StockNews.com

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

A number of other analysts also recently weighed in on CCBG. 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. Piper Sandler lowered shares of Capital City Bank Group from an "overweight" rating to a "neutral" rating and increased their price target for the company from $30.00 to $34.00 in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Capital City Bank Group from $37.00 to $38.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Capital City Bank Group presently has an average rating of "Moderate Buy" and a consensus price target of $35.80.

Capital City Bank Group Stock Performance

NASDAQ CCBG traded down $0.17 during trading on Thursday, reaching $38.58. 37,429 shares of the company's stock were exchanged, compared to its average volume of 31,717. The business has a 50 day moving average price of $35.14 and a 200-day moving average price of $31.66. The stock has a market capitalization of $653.55 million, a P/E ratio of 12.70 and a beta of 0.53. 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 has a fifty-two week low of $25.45 and a fifty-two week high of $40.08.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.01. The company had revenue of $68.84 million during the quarter, compared to analysts' expectations of $54.40 million. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%.

Insider Transactions at Capital City Bank Group

In related news, Treasurer Thomas A. Barron sold 3,000 shares of the business's stock in a transaction that occurred 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 transaction, the treasurer now directly owns 140,681 shares of the company's stock, valued at approximately $4,756,424.61. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 19.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Capital City Bank Group

Several large investors have recently added to or reduced their stakes in CCBG. American Century Companies Inc. boosted its stake in shares of Capital City Bank Group by 40.9% during the second quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider's stock valued at $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 position in shares of Capital City Bank Group in the first quarter worth about $585,000. Acadian Asset Management LLC boosted its stake 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 acquiring an additional 11,742 shares in the last quarter. Inspire Investing LLC purchased a new stake in shares of Capital City Bank Group during the 3rd quarter worth about $414,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Capital City Bank Group during the 1st quarter worth about $284,000. 44.59% of the stock is owned by 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.