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

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

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

Shares of CCBG traded down $0.13 during mid-day trading on Wednesday, hitting $19.01. The company’s stock had a trading volume of 49,765 shares, compared to its average volume of 39,268. Capital City Bank Group has a 52-week low of $15.61 and a 52-week high of $30.95. The company’s 50-day moving average is $25.45 and its 200-day moving average is $27.74. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The firm 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 (NASDAQ:CCBG) last posted its earnings results on Thursday, January 30th. The financial services provider reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.05. Capital City Bank Group had a net margin of 18.57% and a return on equity of 9.69%. The company had revenue of $40.08 million during the quarter, compared to analysts’ expectations of $39.40 million. As a group, sell-side analysts predict that Capital City Bank Group will post 1.65 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of CCBG. Marshall Wace LLP purchased a new stake in Capital City Bank Group during the first quarter valued at approximately $293,000. California Public Employees Retirement System raised its holdings in shares of Capital City Bank Group by 9.4% in the third quarter. California Public Employees Retirement System now owns 49,973 shares of the financial services provider’s stock worth $1,372,000 after buying an additional 4,300 shares during the last quarter. State Street Corp raised its holdings in shares of Capital City Bank Group by 11.4% in the third quarter. State Street Corp now owns 280,543 shares of the financial services provider’s stock worth $7,701,000 after buying an additional 28,714 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Capital City Bank Group by 10.0% in the fourth quarter. Russell Investments Group Ltd. now owns 347,798 shares of the financial services provider’s stock worth $10,606,000 after buying an additional 31,693 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of Capital City Bank Group in the fourth quarter worth $284,000. 42.94% of the stock is owned by institutional investors.

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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