Rating To Observe: Is Hovde Group Very Negative For Capital City Bank Group Inc (NASDAQ:CCBG) After Its Downgrade? The Target is $21.00

November 28, 2016 - By whatsonthorold

Rating To Observe:  Is Hovde Group Very Negative For Capital City Bank Group Inc (NASDAQ:CCBG) After Its Downgrade? The Target is $21.00

Capital City Bank Group Inc (NASDAQ:CCBG) Downgrade

Hovde Group has lowered Capital City Bank Group Inc (NASDAQ:CCBG) stock to “Market Perform” in analysts report published on 28 November, and has set an estimated 12-month target price per share at $21.00. CCBG’s old rating was “Outperform”.

About 16,510 shares traded hands. 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 24.67 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 improved, 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.

Moreover, Prospector Lc has 0.14% invested in Capital City Bank Group, Inc. (NASDAQ:CCBG) for 57,900 shares. Tnb Financial holds 0.14% of its portfolio in Capital City Bank Group, Inc. (NASDAQ:CCBG) for 38,320 shares. Deutsche Natl Bank Ag has 0% invested in the company for 9,196 shares. Bank Of New York Mellon accumulated 0% or 53,196 shares. Bessemer Group holds 0% or 468 shares in its portfolio. California Pub Employees Retirement Systems accumulated 0% or 60,300 shares. Nationwide Fund Advsr reported 14,692 shares or 0% of all its holdings. Geode Cap Limited Liability Co owns 69,184 shares or 0% of their US portfolio. Spark Inv Ltd Liability Corporation holds 0.02% or 16,000 shares in its portfolio. Moreover, Schwab Charles Mgmt has 0% invested in Capital City Bank Group, Inc. (NASDAQ:CCBG) for 22,175 shares. Southeast Asset Advisors last reported 48,133 shares in the company. Jpmorgan Chase &, a New York-based fund reported 381 shares. Foundry Ptnrs Ltd Llc, a Minnesota-based fund reported 208,925 shares. Synovus Financial Corporation has invested 0% of its portfolio in Capital City Bank Group, Inc. (NASDAQ:CCBG). Natl Bank Of America Corporation De last reported 179,494 shares in the company.

Insider Transactions: Since June 15, 2016, the stock had 2 insider purchases, and 0 sales for $187,983 net activity. The insider BENSE ALLAN G bought 10,000 shares worth $137,561. Another trade for 3,376 shares valued at $50,422 was made by DREW J EVERITT on Wednesday, June 15.

Capital City Bank Group, Inc. is a financial holding company. The company has a market cap of $315.60 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 29.02 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.

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