Capital City Bank Group (NASDAQ:CCBG) Given New $54.00 Price Target at Keefe, Bruyette & Woods

Capital City Bank Group (NASDAQ:CCBG) had its price target upped by analysts at Keefe, Bruyette & Woods from $52.00 to $54.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 5.77% from the company’s previous close.

Several other analysts have also weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a report on Wednesday, June 24th. Capital One Financial set a $49.50 price objective on shares of Capital City Bank Group in a research report on Tuesday, April 21st. Wall Street Zen cut shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Finally, Brean Capital downgraded shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.75.

Capital City Bank Group Price Performance

Shares of NASDAQ:CCBG traded down $0.78 during trading on Wednesday, hitting $51.05. 58,760 shares of the stock were exchanged, compared to its average volume of 96,130. The company has a market cap of $873.04 million, a PE ratio of 14.46 and a beta of 0.31. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average price of $47.52 and a two-hundred day moving average price of $45.18. Capital City Bank Group has a 12-month low of $38.00 and a 12-month high of $52.22.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. The firm had revenue of $63.88 million during the quarter, compared to the consensus estimate of $64.25 million. Capital City Bank Group had a return on equity of 11.10% and a net margin of 21.01%. On average, analysts forecast that Capital City Bank Group will post 3.69 EPS for the current year.

Hedge Funds Weigh In On Capital City Bank Group

Several hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC raised its holdings in shares of Capital City Bank Group by 24.1% in the first quarter. AQR Capital Management LLC now owns 12,177 shares of the financial services provider’s stock worth $438,000 after acquiring an additional 2,362 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Capital City Bank Group by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider’s stock valued at $294,000 after acquiring an additional 327 shares during the last quarter. Empowered Funds LLC increased its position in Capital City Bank Group by 8.1% during the 1st quarter. Empowered Funds LLC now owns 28,079 shares of the financial services provider’s stock worth $1,010,000 after purchasing an additional 2,115 shares in the last quarter. Jane Street Group LLC purchased a new stake in Capital City Bank Group during the 1st quarter worth about $555,000. Finally, Rhumbline Advisers raised its stake in Capital City Bank Group by 4.7% in the 2nd quarter. Rhumbline Advisers now owns 21,994 shares of the financial services provider’s stock valued at $865,000 after purchasing an additional 982 shares during the last quarter. Hedge funds and other institutional investors own 44.59% of the company’s stock.

About Capital City Bank Group

Capital City Bank Group, Inc is a Florida?based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.