Capital City Bank Group (CCBG) Given Average Recommendation of “Sell” by Brokerages

Shares of Capital City Bank Group (NASDAQ:CCBG) have been given an average broker rating score of 3.50 (Sell) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation and three have assigned a hold recommendation to the company. Capital City Bank Group’s rating score has improved by 4.6% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Brokerages have set a twelve-month consensus price objective of $21.75 for the company and are expecting that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also given Capital City Bank Group an industry rank of 105 out of 265 based on the ratings given to related companies.

Several analysts recently commented on CCBG shares. BidaskClub lowered shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Hovde Group increased their target price on shares of Capital City Bank Group from $22.50 to $23.00 and gave the company a “market perform” rating in a research note on Thursday. Stephens reissued a “hold” rating on shares of Capital City Bank Group in a research note on Tuesday, April 25th. Finally, Zacks Investment Research raised shares of Capital City Bank Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th.

In other Capital City Bank Group news, Director Allan G. Bense bought 3,571 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was acquired at an average cost of $18.20 per share, with a total value of $64,992.20. Following the completion of the purchase, the director now directly owns 47,883 shares in the company, valued at $871,470.60. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 acquired at an average cost of $18.20 per share, with a total value 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 disclosure for this purchase can be found here. 26.17% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Boston Partners purchased a new stake in shares of Capital City Bank Group during the first quarter valued at approximately $1,401,000. TNB Financial purchased a new stake in shares of Capital City Bank Group during the first quarter valued at approximately $798,000. Russell Investments Group Ltd. purchased a new stake in shares of Capital City Bank Group during the fourth quarter valued at approximately $154,000. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Capital City Bank Group during the fourth quarter valued at approximately $172,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Capital City Bank Group during the first quarter valued at approximately $548,000. Institutional investors and hedge funds own 31.09% of the company’s stock.

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Capital City Bank Group (CCBG) traded up 0.42% during midday trading on Wednesday, hitting $21.36. 46,675 shares of the stock were exchanged. The firm’s 50-day moving average is $20.60 and its 200 day moving average is $20.38. The stock has a market cap of $362.35 million, a price-to-earnings ratio of 28.90 and a beta of 0.73. Capital City Bank Group has a 52 week low of $13.57 and a 52 week high of $23.15.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The business had revenue of $33.63 million during the quarter, compared to analysts’ expectations of $33.60 million. Capital City Bank Group had a net margin of 9.27% and a return on equity of 4.51%. Equities research analysts expect that Capital City Bank Group will post $0.81 EPS for the current fiscal year.

About Capital City Bank Group

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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