Capital City Bank, Comstock, Enterprise Financial Hit 52-Week Lows on Friday
Capital City Bank (NASDAQ:CCBG): The provision for loan losses for Q4 was $7.6M compared to $3.7M in Q3 and $3.8M for 4Q10. Net charge-offs for Q4 totaled $6.2M, or 1.50% of average loans, compared to $5.1M, or 1.22%, in Q3, and $6.1M, or 1.35%, in 4Q10. The shares closed at $9.01, down $0.62 or 6.44% on the day. They have traded in a 52-week range of $9.41 to $13.52.
Comstock Resources (NYSE:CRK): Global Hunter downgraded Comstock based on capex and growth concerns due to weak gas prices and limited liquidity. Price target is $20. The shares closed at $12.34, up $0.08 or 0.65% on the day. They have traded in a 52-week range of $12.16 to $33.63.
Enterprise Financial (NASDAQ:EFSC): Stifel downgraded Enterprise Financial citing the company’s announcement of a financial restatement. The shares closed at $12.35, down $0.2 or 1.59% on the day. They have traded in a 52-week range of $11.90 to $16.45.
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