- Capital City Bank (CCBG, Financial) exceeds both earnings and revenue expectations for the first quarter.
- Wall Street analysts predict a 22.45% upside with a consensus "Outperform" rating.
- GuruFocus estimates suggest a 7.73% potential gain based on GF Value.
Capital City Bank (CCBG) recently announced its financial results for the first quarter, showcasing impressive growth and surpassing market expectations. The bank reported a GAAP EPS of $0.99, which outperformed analyst estimates by $0.25. Meanwhile, the revenue reached $61.45 million, representing an 8.9% year-over-year increase, and exceeding the projections by $1.7 million.
Wall Street Analysts Forecast
The current sentiment among analysts regarding Capital City Bank Group Inc (CCBG, Financial) remains optimistic. According to the one-year price targets set by three analysts, the average target price is $42.00, with a high estimate of $45.00 and a low of $37.00. This average price target indicates a potential upside of 22.45% from the current trading price of $34.30. For a deeper analysis of these projections, visit the Capital City Bank Group Inc (CCBG) Forecast page.
In tandem with price projections, the consensus recommendation from three brokerage firms for Capital City Bank Group Inc (CCBG, Financial) stands at 2.0, suggesting an "Outperform" status. This rating falls on a scale from 1 to 5, where 1 represents a Strong Buy and 5 implies Sell.
GuruFocus Valuation Insight
From the perspective of GuruFocus, the estimated GF Value for Capital City Bank Group Inc (CCBG, Financial) in the next year is $36.95. This estimation reflects a potential upside of 7.73% from the current share price of $34.30. The GF Value signifies GuruFocus' assessment of the stock's fair value, derived from historical trading multiples, past business growth, and future performance forecasts. For more comprehensive data, consult the Capital City Bank Group Inc (CCBG) Summary page.
