Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Capital City Bank Group (NASDAQ:CCBG) Stock

Capital City Bank Group (NASDAQ:CCBG) had its price target increased by equities research analysts at Keefe, Bruyette & Woods from $43.00 to $44.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 17.21% from the stock’s current price.

Separately, StockNews.com downgraded Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Friday, January 24th.

Capital City Bank Group Stock Down 0.1 %

Shares of CCBG traded down $0.04 during trading hours on Friday, hitting $37.54. The stock had a trading volume of 4,037 shares, compared to its average volume of 25,420. 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 1-year low of $25.45 and a 1-year high of $40.86. The firm has a 50 day simple moving average of $37.26 and a 200-day simple moving average of $35.51. The firm has a market capitalization of $635.93 million, a P/E ratio of 12.03 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. Sell-side analysts predict that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Institutional Trading of Capital City Bank Group

Institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC grew its stake in Capital City Bank Group by 4.7% in the 4th quarter. Empowered Funds LLC now owns 25,964 shares of the financial services provider’s stock valued at $952,000 after purchasing an additional 1,155 shares during the period. Blue Trust Inc. increased its holdings in Capital City Bank Group by 15.4% during the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock worth $171,000 after buying an additional 645 shares during the last quarter. SG Americas Securities LLC increased its holdings in Capital City Bank Group by 72.2% during the fourth quarter. SG Americas Securities LLC now owns 8,997 shares of the financial services provider’s stock worth $330,000 after buying an additional 3,772 shares during the last quarter. JPMorgan Chase & Co. raised its position in Capital City Bank Group by 80.1% in the third quarter. JPMorgan Chase & Co. now owns 87,396 shares of the financial services provider’s stock worth $3,084,000 after acquiring an additional 38,876 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Capital City Bank Group in the third quarter valued at about $35,000. 44.59% of the stock is owned by hedge funds and other institutional investors.

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.