Capital City Trust Co. FL Has $5.32 Million Stock Position in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Capital City Trust Co. FL lifted its holdings in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 6.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,680 shares of the financial services provider’s stock after acquiring an additional 9,148 shares during the period. Capital City Bank Group makes up 1.3% of Capital City Trust Co. FL’s holdings, making the stock its 24th biggest holding. Capital City Trust Co. FL’s holdings in Capital City Bank Group were worth $5,318,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CCBG. American Century Companies Inc. lifted its holdings in shares of Capital City Bank Group by 40.9% in the second quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider’s stock valued at $3,201,000 after purchasing an additional 32,671 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in Capital City Bank Group during the 1st quarter worth $585,000. Acadian Asset Management LLC grew its stake in shares of Capital City Bank Group by 7.2% in the 2nd quarter. Acadian Asset Management LLC now owns 175,117 shares of the financial services provider’s stock worth $4,978,000 after acquiring an additional 11,742 shares in the last quarter. Inspire Investing LLC purchased a new stake in shares of Capital City Bank Group in the third quarter valued at about $414,000. Finally, Janus Henderson Group PLC bought a new position in shares of Capital City Bank Group during the first quarter valued at about $284,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

Insider Activity at Capital City Bank Group

In other news, Treasurer Thomas A. Barron sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the sale, the treasurer now owns 140,681 shares of the company’s stock, valued at $4,756,424.61. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 19.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CCBG shares. Piper Sandler downgraded shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $30.00 to $34.00 in a research report on Monday, July 29th. Hovde Group upped their target price on Capital City Bank Group from $30.00 to $37.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. StockNews.com raised Capital City Bank Group from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods boosted their price objective on Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Capital City Bank Group has a consensus rating of “Moderate Buy” and a consensus target price of $35.80.

Capital City Bank Group Stock Down 0.6 %

Capital City Bank Group stock opened at $38.34 on Monday. The firm has a 50 day moving average price of $35.32 and a 200-day moving average price of $31.85. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. Capital City Bank Group, Inc. has a twelve month low of $25.45 and a twelve month high of $40.08. The company has a market capitalization of $649.48 million, a P/E ratio of 12.57 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. The business had revenue of $68.84 million for the quarter, compared to the consensus estimate of $54.40 million.

Capital City Bank Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were paid a dividend of $0.23 per share. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, September 9th. This represents a $0.92 annualized dividend and a dividend yield of 2.40%. Capital City Bank Group’s dividend payout ratio is presently 30.16%.

About Capital City Bank Group

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.