Capital City Bank Group (NASDAQ:CCBG) had its price objective boosted by Hovde Group from $22.50 to $23.00 in a research note issued to investors on Thursday, July 27th, Marketbeat reports. Hovde Group currently has a market perform rating on the financial services provider’s stock.
CCBG has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Capital City Bank Group from a sell rating to a hold rating in a research note on Tuesday, April 25th. Stephens reiterated a hold rating on shares of Capital City Bank Group in a research note on Tuesday, April 25th. Finally, BidaskClub lowered shares of Capital City Bank Group from a hold rating to a sell rating in a research note on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Capital City Bank Group presently has a consensus rating of Hold and a consensus target price of $23.00.
Capital City Bank Group (NASDAQ:CCBG) traded up 1.91% on Thursday, reaching $21.32. 35,995 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $20.61 and a 200-day moving average of $20.39. The stock has a market cap of $361.67 million, a price-to-earnings ratio of 28.81 and a beta of 0.74. Capital City Bank Group has a one year low of $13.57 and a one year high of $23.15.
Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results on Tuesday, July 25th. The financial services provider reported $0.21 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.21. Capital City Bank Group had a net margin of 9.27% and a return on equity of 4.51%. The company had revenue of $33.63 million for the quarter, compared to analysts’ expectations of $33.60 million. Equities research analysts forecast that Capital City Bank Group will post $0.82 EPS for the current fiscal year.
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In other news, Director Allan G. Bense bought 1,429 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were purchased at an average cost of $18.20 per share, for a total transaction of $26,007.80. Following the completion of the purchase, the director now owns 44,312 shares of the company’s stock, valued at $806,478.40. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Allan G. Bense bought 3,571 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were purchased at an average price of $18.20 per share, for a total transaction of $64,992.20. Following the completion of the purchase, the director now directly owns 47,883 shares of the company’s stock, valued at approximately $871,470.60. The disclosure for this purchase can be found here. 26.17% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. Deprince Race & Zollo Inc. raised its stake in Capital City Bank Group by 36.8% in the second quarter. Deprince Race & Zollo Inc. now owns 95,657 shares of the financial services provider’s stock worth $1,953,000 after buying an additional 25,744 shares during the last quarter. Rhumbline Advisers raised its stake in Capital City Bank Group by 1.1% in the second quarter. Rhumbline Advisers now owns 14,792 shares of the financial services provider’s stock worth $302,000 after buying an additional 155 shares during the last quarter. Boston Partners raised its stake in Capital City Bank Group by 13.1% in the second quarter. Boston Partners now owns 74,100 shares of the financial services provider’s stock worth $1,513,000 after buying an additional 8,600 shares during the last quarter. Strs Ohio raised its stake in Capital City Bank Group by 7.5% in the second quarter. Strs Ohio now owns 31,700 shares of the financial services provider’s stock worth $647,000 after buying an additional 2,200 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in Capital City Bank Group by 19.0% in the second quarter. Acadian Asset Management LLC now owns 8,992 shares of the financial services provider’s stock worth $183,000 after buying an additional 1,438 shares during the last quarter. Hedge funds and other institutional investors own 31.09% of the company’s stock.
Capital City Bank Group Company Profile
Capital City Bank Group, Inc is a financial holding company. The Company provides a range of banking and banking-related services to individual and corporate clients through its subsidiary, Capital City Bank (CCB or the Bank), with banking offices located in Florida, Georgia and Alabama. It operates through commercial banking segment with over four principal services, including Banking Services (CCB), Data Processing Services (Capital City Services Company), Trust and Asset Management Services (Capital City Trust Company) and Brokerage Services (Capital City Banc Investments, Inc).
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