Capital City Bank Group (NASDAQ:CCBG) Given New $44.00 Price Target at Keefe, Bruyette & Woods

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

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

Capital City Bank Group Price Performance

NASDAQ:CCBG traded down $0.04 during trading hours on Friday, hitting $37.54. The company’s 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. The company 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 has a twelve month low of $25.45 and a twelve month high of $40.86. The stock has a fifty day simple moving average of $37.26 and a 200-day simple moving average of $35.51.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, analysts anticipate that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Capital City Bank Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in Capital City Bank Group during the 3rd quarter valued at approximately $35,000. Blue Trust Inc. raised its stake in Capital City Bank Group by 1,482.3% during the third quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock worth $148,000 after buying an additional 3,928 shares during the last quarter. SG Americas Securities LLC bought a new position in Capital City Bank Group during the third quarter worth $184,000. FMR LLC lifted its holdings in Capital City Bank Group by 48.5% in the third quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock valued at $234,000 after buying an additional 2,164 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in Capital City Bank Group during the third quarter valued at $235,000. 44.59% of the stock is owned by institutional investors and hedge funds.

About Capital City Bank Group

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.