Capital City Bank Group (CCBG) is Downgraded by Hovde Group to Market Perform, Raises Price Target to $ 21

Capital City Bank Group (CCBG) was Downgraded by Hovde Group to ” Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 21 from a previous price target of $15.75 . Earlier the firm had a rating of “Outperform ” on the company shares. Hovde Group advised their investors in a research report released on Nov 28, 2016.

Capital City Bank Group opened for trading at $19.15 and hit $19.61 on the upside on Friday, eventually ending the session at $19.45, with a gain of 0.15% or 0.03 points. The heightened volatility saw the trading volume jump to 30,713 shares. Company has a market cap of $327 M.

Investors should note that on Nov 22, 2016, Capital City Bank Group announced a cash dividend of $0.0500. The company’s management has announced Dec 1, 2016 as the ex-dividend date and fixed the record date on Dec 5, 2016. The payable date has been fixed on Dec 19, 2016.

In a different news, on Aug 5, 2016, Allan G Bense (director) purchased 10,000 shares at $13.76 per share price. According to the SEC, on Jun 15, 2016, J Everitt Drew (director) purchased 3,376 shares at $14.91 per share price. On May 4, 2016, John G Jr Sample (director) purchased 1,000 shares at $14.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Capital City Bank Group Inc. (CCBG) is a financial holding company. The Company operates through its banking subsidiary Capital City Bank (CCB or the Bank) (CCBG and all its subsidiaries are collectively known as the Company). The Company’s principal services include Banking Services (CCB) Data Processing Services (Capital City Services Company) Trust and Asset Management Services (Capital City Trust Company) and Brokerage Services (Capital City Banc Investments Inc.). CCBG through its subsidiary CCB offers Banking Services such as Business Banking Commercial Real Estate Lending Residential Real Estate Lending Retail Credit Institutional Banking and Retail Banking. It offers Data Processing Services through its indirect subsidiary Capital City Services Company. It offers Trust and Asset Management Services through its indirect subsidiary Capital City Trust Company. It offers Brokerage Services through its indirect subsidiary Capital City Banc Investments Inc.

Capital City Bank Group

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