Rating Alert: Hovde Group: Time To Decrease Faith In Capital City Bank (NASDAQ:CCBG)

November 28, 2016 - By Vivian Park

Rating Alert:  Hovde Group: Time To Decrease Faith In Capital City Bank (NASDAQ:CCBG)

Capital City Bank (NASDAQ:CCBG) Downgrade

Hovde Group gave Capital City Bank (NASDAQ:CCBG) shares a new Market Perform rating in a a research note sent to investors on 28 November. This is downgrade from the old Outperform rating. The financial company from today has a $21.0 target on firm, suggesting 7.97% upside potential.

The stock increased 0.15% or $0.03 on November 25, hitting $19.45. Capital City Bank Group, Inc. (NASDAQ:CCBG) has risen 29.06% since April 25, 2016 and is uptrending. It has outperformed by 23.05% the S&P500.

Analysts await Capital City Bank Group, Inc. (NASDAQ:CCBG) to report earnings on January, 24. They expect $0.19 earnings per share, up 18.75% or $0.03 from last year’s $0.16 per share. CCBG’s profit will be $3.20M for 25.59 P/E if the $0.19 EPS becomes a reality. After $0.17 actual earnings per share reported by Capital City Bank Group, Inc. for the previous quarter, Wall Street now forecasts 11.76% EPS growth.

Insitutional Activity: The institutional sentiment increased to 2.36 in Q2 2016. Its up 0.95, from 1.41 in 2016Q1. The ratio is positive, as 5 funds sold all Capital City Bank Group, Inc. shares owned while 12 reduced positions. 3 funds bought stakes while 21 increased positions. They now own 4.72 million shares or 4.80% less from 4.96 million shares in 2016Q1.

Kbc Grp Nv holds 0% of its portfolio in Capital City Bank Group, Inc. (NASDAQ:CCBG) for 1,087 shares. Comml Bank Of Montreal Can holds 0% of its portfolio in Capital City Bank Group, Inc. (NASDAQ:CCBG) for 96 shares. Strs Ohio accumulated 39,100 shares or 0% of the stock. Smithfield Tru Company has invested 0.07% of its portfolio in Capital City Bank Group, Inc. (NASDAQ:CCBG). Tiaa Cref Investment Limited Liability Company accumulated 0% or 44,116 shares. California Public Employees Retirement Sys accumulated 60,300 shares or 0% of the stock. Tnb holds 0.14% of its portfolio in Capital City Bank Group, Inc. (NASDAQ:CCBG) for 38,320 shares. Blackrock Investment Ltd Liability Com has 44,689 shares for 0% of their US portfolio. Pnc Serv Group has 0% invested in the company for 106 shares. Schwab Charles Inv Management, a California-based fund reported 22,175 shares. Ameriprise reported 397,098 shares or 0% of all its holdings. State Street Corp last reported 0% of its portfolio in the stock. Alliancebernstein L P holds 0% or 15,400 shares in its portfolio. The Wisconsin-based Heartland has invested 0.53% in Capital City Bank Group, Inc. (NASDAQ:CCBG). Southeast Asset Advsrs has invested 0.22% of its portfolio in Capital City Bank Group, Inc. (NASDAQ:CCBG).

Insider Transactions: Since June 15, 2016, the stock had 2 insider purchases, and 0 insider sales for $187,983 net activity. $50,422 worth of Capital City Bank Group, Inc. (NASDAQ:CCBG) was bought by DREW J EVERITT on Wednesday, June 15. BENSE ALLAN G bought $137,561 worth of Capital City Bank Group, Inc. (NASDAQ:CCBG) on Wednesday, August 3.

Capital City Bank Group, Inc. is a financial holding company. The company has a market cap of $327.40 million. The Firm provides a range of banking and banking-related services to individual and corporate clients through its subsidiary, Capital City Bank , with banking offices located in Florida, Georgia and Alabama. It has a 30.1 P/E ratio. The Firm operates through commercial banking segment with over four principal services, including Banking Services, Data Processing Services, Trust and Asset Management Services, and Brokerage Services.

According to Zacks Investment Research, “Capital City Bank Group, Inc. is a financial holding company with banking subsidiaries and numerous indirect subsidiaries. The Banks are full service banks, engaged in the commercial and retail banking business, including accepting demand, savings and time deposits; extending credit; originating residential mortgage loans; and providing data processing services, asset management services, trust services, retail brokerage services and a broad range of other financial services to corporate and individual customers, governmental entities and correspondent banks.”

CCBG Company Profile

Capital City Bank Group, Inc., incorporated on December 13, 1982, is a financial holding company. The Firm 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 Firm operates through commercial banking segment with over four principal services, including Banking Services, Data Processing Services, Trust and Asset Management Services, and Brokerage Services. In addition to its banking subsidiary, the Bank has approximately three subsidiaries, Capital City Trust Company, Capital City Banc Investments, Inc. and Capital City Services Company.

More important recent Capital City Bank Group, Inc. (NASDAQ:CCBG) news were published by: Finance.Yahoo.com which released: “Capital City Bank Group, Inc. Reports Third Quarter 2016 Results” on October 25, 2016, also Globenewswire.com published article titled: “Capital City Bank Group Announces New Board Member”, Reuters.com published: “BRIEF-Capital City Bank Group Q3 EPS $0.17” on October 25, 2016. More interesting news about Capital City Bank Group, Inc. (NASDAQ:CCBG) was released by: Globenewswire.com and their article: “Capital City Bank Named Among “Best Banks to Work For” in U.S.” with publication date: August 31, 2015.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>