Murphy Middleton Hinkle & Parker Inc. Sells 1,597 Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG)

Murphy Middleton Hinkle & Parker Inc. trimmed its position in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,619 shares of the financial services provider’s stock after selling 1,597 shares during the quarter. Capital City Bank Group accounts for approximately 2.4% of Murphy Middleton Hinkle & Parker Inc.’s holdings, making the stock its 11th largest position. Murphy Middleton Hinkle & Parker Inc. owned approximately 0.68% of Capital City Bank Group worth $4,237,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CCBG. Wilmington Savings Fund Society FSB bought a new stake in Capital City Bank Group during the third quarter valued at approximately $35,000. Blue Trust Inc. boosted its stake in shares of Capital City Bank Group by 1,482.3% during the 3rd quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock worth $148,000 after acquiring an additional 3,928 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Capital City Bank Group during the 3rd quarter valued at $184,000. FMR LLC increased its stake in shares of Capital City Bank Group by 48.5% in the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 2,164 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in Capital City Bank Group in the 3rd quarter worth $235,000. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CCBG has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their price objective on Capital City Bank Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Monday, January 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Capital City Bank Group currently has an average rating of “Moderate Buy” and an average target price of $37.88.

Capital City Bank Group Stock Performance

NASDAQ:CCBG opened at $36.00 on Friday. The stock has a 50-day moving average price of $37.60 and a 200 day moving average price of $35.01. The stock has a market capitalization of $609.84 million, a P/E ratio of 11.80 and a beta of 0.56. Capital City Bank Group, Inc. has a 12-month low of $25.45 and a 12-month high of $40.86. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%. The firm had revenue of $68.84 million for the quarter, compared to analysts’ expectations of $54.40 million. Equities research analysts forecast that Capital City Bank Group, Inc. will post 3.05 EPS for the current fiscal year.

Capital City Bank Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.56%. The ex-dividend date was Monday, December 9th. Capital City Bank Group’s payout ratio is currently 30.16%.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking- related services to individual and corporate clients. The company offers financing for commercial business properties, equipment, inventories, and accounts receivable, as well as commercial leasing and letters of credit; treasury management services; and merchant credit card transaction processing services.