DA Davidson lowered the firm’s price target on Capital City Bank to $32.50 from $34 and keeps a Neutral rating on the shares. The firm cites the company’s recent restatement that was previously disclosed in mid-November and stemmed from the “incorrect recording of certain inter-company transactions between its mortgage sub and the bank sub”.
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- Capital City Bank downgraded to Neutral from Buy at DA Davidson
- Capital City Bank Group, Inc. Announces Late Filing of Third Quarter 2023 10-Q and Planned Restatements
