Capital City Bank Group, Inc. (NASDAQ:CCBG) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its position in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,013 shares of the financial services provider’s stock after selling 1,500 shares during the quarter. Los Angeles Capital Management LLC owned 0.06% of Capital City Bank Group worth $367,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Princeton Capital Management LLC increased its position in Capital City Bank Group by 7.0% during the 3rd 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. Blue Trust Inc. boosted its stake in shares of Capital City Bank Group by 15.4% in the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock valued at $171,000 after buying an additional 645 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Capital City Bank Group during the third quarter worth $35,000. Empowered Funds LLC raised its position in Capital City Bank Group by 4.7% in the fourth quarter. Empowered Funds LLC now owns 25,964 shares of the financial services provider’s stock worth $952,000 after acquiring an additional 1,155 shares in the last quarter. Finally, FMR LLC lifted its holdings in 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 valued at $234,000 after acquiring an additional 2,164 shares during the period. 44.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CCBG shares. 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 note 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 Stock Performance

Shares of CCBG stock opened at $36.61 on Tuesday. The stock has a fifty day moving average price of $36.44 and a 200 day moving average price of $36.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The stock has a market cap of $620.32 million, a PE ratio of 11.73 and a beta of 0.56. Capital City Bank Group, Inc. has a 1 year low of $25.45 and a 1 year high of $40.86.

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

Capital City Bank Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Monday, March 10th. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.23. Capital City Bank Group’s dividend payout ratio is 30.77%.

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.