Brokerages Set Capital City Bank Group (CCBG) Price Target at $26.50

Capital City Bank Group (NASDAQ:CCBG) has received an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $26.50.

Several equities analysts have recently weighed in on CCBG shares. Hovde Group upgraded Capital City Bank Group from a “market perform” rating to an “outperform” rating and set a $26.50 price objective for the company in a report on Wednesday, January 24th. Sandler O’Neill upgraded shares of Capital City Bank Group from a “sell” rating to a “hold” rating and set a $24.00 target price for the company in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $27.00 target price on shares of Capital City Bank Group in a research note on Wednesday, January 24th. BidaskClub upgraded shares of Capital City Bank Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, Zacks Investment Research downgraded shares of Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 27th.

Large investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC acquired a new stake in Capital City Bank Group in the 4th quarter valued at about $132,000. Macquarie Group Ltd. lifted its stake in Capital City Bank Group by 36.7% in the 4th quarter. Macquarie Group Ltd. now owns 7,828 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 2,100 shares during the last quarter. First Quadrant L P CA lifted its stake in Capital City Bank Group by 84.9% in the 4th quarter. First Quadrant L P CA now owns 8,448 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 3,878 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Capital City Bank Group by 156.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,211 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 8,056 shares during the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new stake in Capital City Bank Group in the 4th quarter valued at about $403,000. Institutional investors and hedge funds own 36.12% of the company’s stock.



Shares of NASDAQ CCBG opened at $23.48 on Wednesday. The stock has a market capitalization of $402.58 million, a PE ratio of 24.35 and a beta of 0.69. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.78 and a quick ratio of 0.78. Capital City Bank Group has a fifty-two week low of $17.68 and a fifty-two week high of $26.50.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Monday, April 23rd. The financial services provider reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.05). The company had revenue of $34.24 million during the quarter. Capital City Bank Group had a net margin of 9.84% and a return on equity of 5.77%. sell-side analysts forecast that Capital City Bank Group will post 1.24 EPS for the current fiscal year.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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.

Receive News & Ratings for Capital City Bank Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital City Bank Group and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply