Piper Sandler upgrades Capital City on expectations for robust loan growth

Capital City Bank

26/04/2022 11:05

** Piper Sandler upgrades Capital City Bank Group  CCBG.O 
to "overweight" from "neutral" on expectations for faster loan
growth
    ** Raises PT to $31.5 from $29; new PT marks 24% upside to
stock's last close
    ** Brokerage says CCBG stands to benefit from rate hikes and
an improved outlook for loan growth, which will bring in higher
net interest income for the bank
    ** Says co has also done a better-than-expected job of
managing expenses
    ** YTD, shares are down 4%

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))