ValuEngine Lowers Capital City Bank Group (NASDAQ:CCBG) to Sell

Capital City Bank Group (NASDAQ:CCBG) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Wednesday, ValuEngine reports.

Several other analysts have also recently commented on the stock. BidaskClub cut shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 11th. Zacks Investment Research cut shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 17th.

CCBG stock traded down $0.13 during mid-day trading on Wednesday, hitting $19.01. The company had a trading volume of 49,765 shares, compared to its average volume of 39,268. The company has a market capitalization of $290.33 million, a price-to-earnings ratio of 10.39 and a beta of 0.75. Capital City Bank Group has a 12-month low of $15.61 and a 12-month high of $30.95. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $25.45 and a 200 day moving average price of $27.74.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05. The business had revenue of $40.08 million for the quarter, compared to analysts’ expectations of $39.40 million. Capital City Bank Group had a net margin of 18.57% and a return on equity of 9.69%. As a group, analysts expect that Capital City Bank Group will post 1.65 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Bank of Montreal Can increased its holdings in shares of Capital City Bank Group by 41.7% in the 4th quarter. Bank of Montreal Can now owns 1,802 shares of the financial services provider’s stock worth $55,000 after buying an additional 530 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Capital City Bank Group by 70.3% in the 4th quarter. Citigroup Inc. now owns 2,769 shares of the financial services provider’s stock worth $84,000 after buying an additional 1,143 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Capital City Bank Group by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,446 shares of the financial services provider’s stock worth $1,051,000 after buying an additional 1,306 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Capital City Bank Group by 69.5% in the 4th quarter. Victory Capital Management Inc. now owns 3,438 shares of the financial services provider’s stock worth $105,000 after buying an additional 1,410 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Capital City Bank Group by 50.6% in the 4th quarter. KBC Group NV now owns 4,351 shares of the financial services provider’s stock worth $133,000 after buying an additional 1,461 shares during the last quarter. Hedge funds and other institutional investors own 42.94% of the company’s stock.

About Capital City Bank Group

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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