Capital City Bank Group, Inc. (NASDAQ:CCBG) Stake Reduced by Isthmus Partners LLC

Isthmus Partners LLC reduced its position in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 21.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,306 shares of the financial services provider’s stock after selling 23,623 shares during the period. Isthmus Partners LLC’s holdings in Capital City Bank Group were worth $3,010,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CCBG. Princeton Capital Management LLC grew 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 in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Capital City Bank Group by 22.3% during the first quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock valued at $100,000 after buying an additional 662 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Capital City Bank Group by 5.1% during the third quarter. Empowered Funds LLC now owns 24,809 shares of the financial services provider’s stock valued at $876,000 after buying an additional 1,206 shares in the last quarter. Rhumbline Advisers raised its position in Capital City Bank Group by 6.5% during the second quarter. Rhumbline Advisers now owns 21,602 shares of the financial services provider’s stock valued at $614,000 after buying an additional 1,316 shares during the period. Finally, Panagora Asset Management Inc. lifted its stake in Capital City Bank Group by 2.8% in the 2nd quarter. Panagora Asset Management Inc. now owns 78,097 shares of the financial services provider’s stock worth $2,221,000 after acquiring an additional 2,093 shares in the last quarter. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Insider Transactions at Capital City Bank Group

In related news, Treasurer Thomas A. Barron sold 3,000 shares of Capital City Bank Group stock in a transaction 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 completion of the sale, the treasurer now owns 140,681 shares of the company’s stock, valued at approximately $4,756,424.61. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 19.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Capital City Bank Group from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Capital City Bank Group currently has an average rating of “Moderate Buy” and a consensus target price of $35.80.

Capital City Bank Group Price Performance

CCBG opened at $39.10 on Friday. The stock has a fifty day moving average price of $36.13 and a 200 day moving average price of $32.49. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. Capital City Bank Group, Inc. has a 1 year low of $25.45 and a 1 year high of $40.86. The stock has a market cap of $662.35 million, a price-to-earnings ratio of 12.82 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (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 during the quarter, compared to analyst estimates of $54.40 million. Analysts forecast that Capital City Bank Group, Inc. will post 3.05 EPS for the current fiscal year.

Capital City Bank Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Monday, December 9th. Capital City Bank Group’s dividend payout ratio is 30.16%.

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.