Capital City Bank Group, Inc. (CCBG) Forms Bullish Multiple Top; Strong Momentum for Buyers Coming

June 20, 2017 - By Marry Poplack

Investors sentiment decreased to 1.74 in Q4 2016. Its down 0.62, from 2.36 in 2016Q3. It worsened, as 5 investors sold Capital City Bank Group, Inc. shares while 14 reduced holdings. 12 funds opened positions while 21 raised stakes. 4.93 million shares or 0.63% more from 4.90 million shares in 2016Q3 were reported.
Rhumbline Advisers reported 0% stake. Strs Ohio holds 0% or 30,700 shares. Brandywine Global Investment Mngmt Llc holds 0% or 6,350 shares in its portfolio. Ameriprise, Minnesota-based fund reported 360,098 shares. Renaissance Technology Limited Liability accumulated 114,899 shares. Legal And General Grp Inc Public Lc has invested 0% in Capital City Bank Group, Inc. (NASDAQ:CCBG). California Pub Employees Retirement Sys reported 0% in Capital City Bank Group, Inc. (NASDAQ:CCBG). Geode Capital Management Limited Liability Corp, a Massachusetts-based fund reported 80,459 shares. Dimensional Fund Lp invested 0.01% in Capital City Bank Group, Inc. (NASDAQ:CCBG). Heartland Advsrs Incorporated stated it has 672,326 shares. Bank & Trust Of America Corporation De stated it has 204,493 shares. Schwab Charles Invest holds 0% in Capital City Bank Group, Inc. (NASDAQ:CCBG) or 22,175 shares. Blackrock Institutional Trust Na has 0% invested in Capital City Bank Group, Inc. (NASDAQ:CCBG) for 501,171 shares. California State Teachers Retirement Sys reported 22,672 shares. Metropolitan Life Insurance New York holds 0% or 8,418 shares in its portfolio.

Since May 18, 2017, it had 2 insider buys, and 0 sales for $90,996 activity.

The stock of Capital City Bank Group, Inc. (CCBG) shows a multiple tops pattern with $22.08 target or 9.00 % above today’s $20.26 share price. The 7 months chart pattern indicates low risk for the $337.02M company. It was reported on Jun, 20 by Finviz.com. If the $22.08 price target is reached, the company will be worth $30.33M more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

About 328 shares traded. Capital City Bank Group, Inc. (NASDAQ:CCBG) has risen 19.44% since June 20, 2016 and is uptrending. It has outperformed by 2.74% the S&P500.

Investors wait Capital City Bank Group, Inc. (NASDAQ:CCBG) to report on July, 25. its quarterly earnings Wall Street analysts expect $0.21 earnings per share, down $0.01 or 4.55 % from last year’s $0.22 same quarter earnings. This translates into $3.49 million profit for CCBG giving the stock a 24.12 P/E. This is assuming the current $0.21 EPS is accurate. Capital City Bank Group, Inc.’s Wall Street analysts see 31.25 % EPS growth, taking into account the $0.16 EPS reproted in the previous quarter,

Capital City Bank Group, Inc. (NASDAQ:CCBG) Ratings Coverage

Among 3 analysts covering Capital City Bank Group Inc (NASDAQ:CCBG), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Capital City Bank Group Inc had 4 analyst reports since October 21, 2015 according to SRatingsIntel. The rating was downgraded by Keefe Bruyette & Woods to “Market Perform” on Wednesday, October 21. Sandler O’Neill downgraded Capital City Bank Group, Inc. (NASDAQ:CCBG) on Wednesday, December 21 to “Sell” rating. The rating was downgraded by Hovde Group on Monday, November 28 to “Market Perform”.

More notable recent Capital City Bank Group, Inc. (NASDAQ:CCBG) news were published by: Reuters.com which released: “BRIEF-Capital City Bank Group announces new board members” on January 27, 2017, also Globenewswire.com with their article: “Capital City Bank Group, Inc. Reports First Quarter 2017 Results” published on April 24, 2017, Nasdaq.com published: “Capital City Bank Group (CCBG) Ex-Dividend Date Scheduled for March 02, 2017” on March 01, 2017. More interesting news about Capital City Bank Group, Inc. (NASDAQ:CCBG) were released by: Reuters.com and their article: “BRIEF-Capital City Bank Group Q1 earnings per share $0.16” published on April 24, 2017 as well as Nasdaq.com‘s news article titled: “Capital City Bank Group (CCBG) Ex-Dividend Date Scheduled for June 01, 2017” with publication date: May 31, 2017.

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