Proficio Capital Partners LLC purchased a new stake in Capital City Bank Group, Inc. (NASDAQ:CCBG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 17,665 shares of the financial services provider's stock, valued at approximately $647,000. Proficio Capital Partners LLC owned about 0.10% of Capital City Bank Group as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCBG. Princeton Capital Management LLC lifted its stake in shares of Capital City Bank Group by 7.0% in the 3rd quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider's stock valued at $271,000 after purchasing an additional 500 shares during the period. Blue Trust Inc. lifted its stake in Capital City Bank Group by 15.4% in the fourth 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 period. Wilmington Savings Fund Society FSB bought a new position in Capital City Bank Group during the third quarter worth about $35,000. Empowered Funds LLC boosted its holdings in Capital City Bank Group by 4.7% during the fourth quarter. Empowered Funds LLC now owns 25,964 shares of the financial services provider's stock worth $952,000 after buying an additional 1,155 shares during the last quarter. Finally, FMR LLC grew its position in shares of Capital City Bank Group by 48.5% during the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider's stock worth $234,000 after buying an additional 2,164 shares during the period. 44.59% of the stock is currently owned by institutional investors and hedge funds.
Capital City Bank Group Stock Down 0.7 %
Shares of NASDAQ CCBG traded down $0.24 during midday trading on Thursday, reaching $35.31. The company's stock had a trading volume of 7,461 shares, compared to its average volume of 23,294. The stock has a 50 day simple moving average of $36.31 and a 200-day simple moving average of $36.28. 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 stock has a market capitalization of $598.29 million, a price-to-earnings ratio of 11.32 and a beta of 0.54. Capital City Bank Group, Inc. has a fifty-two week low of $25.45 and a fifty-two week high of $40.86.
Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last issued its quarterly 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%. Equities research analysts predict that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current year.
Capital City Bank Group Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, March 10th. This is a boost from Capital City Bank Group's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.72%. Capital City Bank Group's dividend payout ratio is 30.77%.
Analyst Upgrades and Downgrades
CCBG has been the topic of several recent analyst reports. StockNews.com lowered Capital City Bank Group from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Keefe, Bruyette & Woods raised their price objective on shares of Capital City Bank Group from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Friday, January 31st.
Read Our Latest Research Report on CCBG
About Capital City Bank Group
(
Free Report)
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.
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