Vanguard Group Inc. Increases Holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Vanguard Group Inc. lifted its position in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 700,918 shares of the financial services provider’s stock after acquiring an additional 9,449 shares during the quarter. Vanguard Group Inc. owned 4.13% of Capital City Bank Group worth $20,908,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CCBG. Tower Research Capital LLC TRC boosted its stake in shares of Capital City Bank Group by 93.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,428 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 689 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Capital City Bank Group by 599.3% during the 2nd quarter. Captrust Financial Advisors now owns 1,986 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 1,702 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Capital City Bank Group by 178.8% during the 2nd quarter. Lazard Asset Management LLC now owns 2,755 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 1,767 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Capital City Bank Group during the 3rd quarter worth approximately $113,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Capital City Bank Group by 15.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,231 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 568 shares during the last quarter. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CCBG shares. Janney Montgomery Scott upgraded Capital City Bank Group from a “neutral” rating to a “buy” rating and set a $37.50 price objective for the company in a research report on Wednesday, January 24th. DA Davidson cut their price objective on Capital City Bank Group from $34.00 to $32.50 and set a “neutral” rating for the company in a research report on Tuesday, January 2nd. Finally, Piper Sandler started coverage on Capital City Bank Group in a research report on Friday, January 5th. They set an “overweight” rating and a $34.00 price objective for the company.

Capital City Bank Group Trading Down 0.6 %

Shares of CCBG opened at $26.05 on Friday. The stock has a fifty day moving average of $27.72 and a two-hundred day moving average of $28.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $441.29 million, a PE ratio of 8.12 and a beta of 0.53. Capital City Bank Group, Inc. has a fifty-two week low of $25.57 and a fifty-two week high of $34.16.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.02). The business had revenue of $63.34 million during the quarter, compared to analyst estimates of $56.50 million. Capital City Bank Group had a net margin of 20.67% and a return on equity of 12.99%. As a group, analysts forecast that Capital City Bank Group, Inc. will post 2.87 EPS for the current year.

Capital City Bank Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.22%. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 8th. Capital City Bank Group’s dividend payout ratio is presently 26.17%.

Insider Transactions at Capital City Bank Group

In other news, Director Marshall M. Criser III acquired 1,300 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was acquired at an average cost of $28.19 per share, for a total transaction of $36,647.00. Following the acquisition, the director now directly owns 15,200 shares in the company, valued at approximately $428,488. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 19.40% of the company’s stock.

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.