Capital City Trust Co. FL Decreases Stock Holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Capital City Trust Co. FL trimmed its stake in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 8.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 138,019 shares of the financial services provider’s stock after selling 12,661 shares during the period. Capital City Bank Group makes up 1.3% of Capital City Trust Co. FL’s investment portfolio, making the stock its 24th largest holding. Capital City Trust Co. FL owned 0.81% of Capital City Bank Group worth $5,058,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in 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 position in shares of Capital City Bank Group by 1,482.3% in the third quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 3,928 shares during the period. FMR LLC boosted its position in shares of Capital City Bank Group by 48.5% in the third 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 during the period. Integrated Wealth Concepts LLC bought a new position in shares of Capital City Bank Group in the third quarter worth approximately $235,000. Finally, Princeton Capital Management LLC boosted its position in shares of Capital City Bank Group by 7.0% in the third quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 500 shares during the period. 44.59% of the stock is owned by hedge funds and other institutional investors.

Capital City Bank Group Trading Down 2.6 %

NASDAQ CCBG opened at $35.49 on Friday. The company’s 50-day moving average price is $36.64 and its 200-day moving average price is $35.88. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The stock has a market cap of $601.20 million, a PE ratio of 11.38 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.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. Equities research analysts forecast that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. StockNews.com upgraded shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 1st.

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.