Martingale Asset Management L P Buys 970 Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG)

Martingale Asset Management L P grew its stake in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,224 shares of the financial services provider’s stock after purchasing an additional 970 shares during the quarter. Martingale Asset Management L P’s holdings in Capital City Bank Group were worth $1,621,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CCBG. Blue Trust Inc. grew its stake in Capital City Bank Group by 15.4% in the 4th 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 during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Capital City Bank Group in the third quarter valued at about $35,000. Empowered Funds LLC grew its holdings in shares of Capital City Bank Group by 4.7% during the 4th quarter. Empowered Funds LLC now owns 25,964 shares of the financial services provider’s stock valued at $952,000 after purchasing an additional 1,155 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Capital City Bank Group by 11.3% during the fourth quarter. Wells Fargo & Company MN now owns 17,321 shares of the financial services provider’s stock worth $635,000 after buying an additional 1,761 shares in the last quarter. Finally, FMR LLC raised its position 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 purchasing an additional 2,164 shares during the last quarter. 44.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. StockNews.com downgraded Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Keefe, Bruyette & Woods boosted their price target on shares of Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, January 31st.

Capital City Bank Group Stock Down 0.6 %

CCBG opened at $33.13 on Friday. 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 market cap of $565.00 million, a PE ratio of 10.62 and a beta of 0.37. 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 company has a 50 day moving average of $35.94 and a 200 day moving average of $36.40.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, sell-side analysts expect that Capital City Bank Group, Inc. will post 3.06 EPS for the current year.

Capital City Bank Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a $0.24 dividend. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.90%. Capital City Bank Group’s 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.