Today The Capital City Bank Group (CCBG) Announces Earnings Results

Today The Capital City Bank Group (CCBG) Announces  Earnings Results

Capital City Bank Group (NASDAQ:CCBG) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. Capital City Bank Group had a net margin of 8.18% and a return on equity of 4.01%.

Capital City Bank Group (NASDAQ:CCBG) opened at 20.24 on Wednesday. The firm has a market cap of $340.17 million, a price-to-earnings ratio of 31.28 and a beta of 0.80. Capital City Bank Group has a 52-week low of $13.16 and a 52-week high of $23.15. The stock has a 50 day moving average of $20.55 and a 200-day moving average of $16.48.

Several analysts have issued reports on CCBG shares. Zacks Investment Research downgraded shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a report on Thursday, October 27th. Hovde Group downgraded shares of Capital City Bank Group from an “outperform” rating to a “market perform” rating and upped their price target for the company from $15.75 to $21.00 in a report on Monday, November 28th. Finally, Sandler O’Neill lowered shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 21st. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Capital City Bank Group currently has an average rating of “Hold” and a consensus target price of $17.67.

A number of institutional investors have recently added to or reduced their stakes in CCBG. BlackRock Institutional Trust Company N.A. boosted its position in Capital City Bank Group by 12.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 518,590 shares of the financial services provider’s stock valued at $7,660,000 after buying an additional 58,778 shares during the last quarter. BlackRock Fund Advisors boosted its position in Capital City Bank Group by 8.9% in the third quarter. BlackRock Fund Advisors now owns 311,575 shares of the financial services provider’s stock valued at $4,602,000 after buying an additional 25,505 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in Capital City Bank Group by 418.2% in the second quarter. O Shaughnessy Asset Management LLC now owns 11,474 shares of the financial services provider’s stock valued at $160,000 after buying an additional 9,260 shares during the last quarter. SG Americas Securities LLC bought a new position in Capital City Bank Group during the third quarter valued at approximately $102,000. Finally, Panagora Asset Management Inc. raised its position in Capital City Bank Group by 40.2% in the third quarter. Panagora Asset Management Inc. now owns 21,164 shares of the financial services provider’s stock valued at $313,000 after buying an additional 6,069 shares during the period. 29.52% of the stock is currently owned by hedge funds and other institutional investors.

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 (the Bank), with banking offices located in Florida, Georgia and Alabama. The Company operates through commercial banking segment with over four principal services, including Banking Services, Data Processing Services, Trust and Asset Management Services, and Brokerage Services.

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