Rating Worth Mentioning Today: Will Hovde Group Downgrade Harm Capital City Bank (NASDAQ:CCBG) Stock Price Today?

November 28, 2016 - By Adrian Mccoy

Rating Worth Mentioning Today:  Will Hovde Group Downgrade Harm Capital City Bank (NASDAQ:CCBG) Stock Price Today?

Capital City Bank (NASDAQ:CCBG) Downgrade

In an analyst note shared with investors today, Hovde Group cut shares of Capital City Bank (NASDAQ:CCBG) to “Market Perform” rating from “Outperform” rating. The firm currently has a $21 target on the stock. Hovde Group’s target suggests a potential upside of 7.97% from the stock’s current price.

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 2016 Q2. Its up 0.95, from 1.41 in 2016Q1. The ratio increased, 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.

Nationwide Fund Advisors has 0% invested in the company for 14,692 shares. Int has 6,334 shares for 0% of their US portfolio. First Quadrant Limited Partnership Ca has invested 0% of its portfolio in Capital City Bank Group, Inc. (NASDAQ:CCBG). Kbc Nv accumulated 1,087 shares or 0% of the stock. Schwab Charles holds 0% or 22,175 shares in its portfolio. Foundry Prns Limited Liability Corporation accumulated 208,925 shares or 0.17% of the stock. Moreover, Legal General Group Public Limited Com has 0% invested in Capital City Bank Group, Inc. (NASDAQ:CCBG) for 1,379 shares. Bancshares Of Mellon has invested 0% of its portfolio in Capital City Bank Group, Inc. (NASDAQ:CCBG). Acadian Asset Mgmt Ltd Liability has 0% invested in the company for 1,100 shares. Bnp Paribas Arbitrage Sa accumulated 428 shares or 0% of the stock. Blackrock Inc has 1,474 shares for 0% of their US portfolio. Panagora Asset Mgmt has 0% invested in the company for 15,095 shares. Citigroup holds 1,594 shares or 0% of its portfolio. Blackrock Fund Advsrs has 286,070 shares for 0% of their US portfolio. Tnb owns 38,320 shares or 0.14% of their US portfolio.

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

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 notable 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 with their article: “Capital City Bank Group, Inc. Announces Quarterly Dividend” published on November 22, 2016, Globenewswire.com published: “Capital City Bank Group Announces New Board Member” on December 23, 2015. More interesting news about Capital City Bank Group, Inc. (NASDAQ:CCBG) were released by: Reuters.com and their article: “BRIEF-Capital City Bank Group Q3 EPS $0.17” published on October 25, 2016 as well as Globenewswire.com‘s news article titled: “Capital City Bank Named Among “Best Banks to Work For” in U.S.” with publication date: August 31, 2015.

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