Capital City Bank Group (NASDAQ:CCBG) Stock Rating Lowered by StockNews.com

Capital City Bank Group (NASDAQ:CCBG) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Capital City Bank Group Stock Up 0.9 %

Shares of NASDAQ CCBG traded up $0.34 during mid-day trading on Monday, reaching $39.70. The company had a trading volume of 34,012 shares, compared to its average volume of 31,447. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $40.86. The stock’s 50 day moving average is $36.28 and its 200-day moving average is $32.73. The stock has a market capitalization of $672.68 million, a PE ratio of 13.02 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. The firm had revenue of $68.84 million for the quarter, compared to the consensus estimate of $54.40 million. As a group, equities analysts anticipate that Capital City Bank Group will post 3.05 earnings per share for the current fiscal year.

Insider Activity

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the transaction, the treasurer now directly owns 140,681 shares of the company’s stock, valued at $4,756,424.61. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 19.40% of the stock is owned by insiders.

Institutional Trading of Capital City Bank Group

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Capital City Bank Group by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 867,642 shares of the financial services provider’s stock valued at $24,675,000 after purchasing an additional 4,606 shares during the period. State Street Corp grew its stake in Capital City Bank Group by 1.8% in the 3rd quarter. State Street Corp now owns 341,426 shares of the financial services provider’s stock valued at $12,049,000 after buying an additional 5,980 shares during the last quarter. Geode Capital Management LLC raised its holdings in Capital City Bank Group by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 320,479 shares of the financial services provider’s stock worth $11,312,000 after acquiring an additional 7,773 shares during the period. Renaissance Technologies LLC lifted its position in Capital City Bank Group by 4.0% during the 2nd quarter. Renaissance Technologies LLC now owns 206,871 shares of the financial services provider’s stock worth $5,883,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Capital City Bank Group by 7.2% during the second quarter. Acadian Asset Management LLC now owns 175,117 shares of the financial services provider’s stock valued at $4,978,000 after acquiring an additional 11,742 shares during the period. Institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Company Profile

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.