Capital City Bank Group, Inc. (NASDAQ:CCBG) Position Lessened by EntryPoint Capital LLC

EntryPoint Capital LLC trimmed its position in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 29.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 3,611 shares of the financial services provider’s stock after selling 1,490 shares during the quarter. EntryPoint Capital LLC’s holdings in Capital City Bank Group were worth $100,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC raised its holdings in Capital City Bank Group by 29.9% during the fourth quarter. SG Americas Securities LLC now owns 6,299 shares of the financial services provider’s stock valued at $185,000 after buying an additional 1,449 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Capital City Bank Group during the fourth quarter valued at about $272,000. BNP Paribas Financial Markets raised its holdings in Capital City Bank Group by 30.5% during the fourth quarter. BNP Paribas Financial Markets now owns 14,999 shares of the financial services provider’s stock valued at $441,000 after buying an additional 3,504 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in Capital City Bank Group during the first quarter valued at about $585,000. Finally, Isthmus Partners LLC raised its holdings in Capital City Bank Group by 4.2% during the fourth quarter. Isthmus Partners LLC now owns 71,586 shares of the financial services provider’s stock valued at $2,107,000 after buying an additional 2,853 shares in the last quarter. 44.59% of the stock is currently owned by institutional investors.

Capital City Bank Group Stock Performance

CCBG stock opened at $35.63 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.82 and a quick ratio of 0.82. The company has a 50 day moving average price of $28.51 and a 200 day moving average price of $27.99. Capital City Bank Group, Inc. has a fifty-two week low of $25.45 and a fifty-two week high of $36.49. The stock has a market capitalization of $603.57 million, a PE ratio of 11.61 and a beta of 0.55.

Capital City Bank Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Monday, June 10th. Capital City Bank Group’s dividend payout ratio (DPR) is presently 27.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Hovde Group lifted their target price on Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a research report on Wednesday. Keefe, Bruyette & Woods lifted their price objective on Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Piper Sandler decreased their price objective on Capital City Bank Group from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Tuesday, April 23rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.00.

Capital City Bank Group 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.