Bank of New York Mellon Corp Buys 23,113 Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG)

Bank of New York Mellon Corp boosted its stake in Capital City Bank Group, Inc. (NASDAQ:CCBG - Free Report) by 42.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,207 shares of the financial services provider's stock after purchasing an additional 23,113 shares during the period. Bank of New York Mellon Corp owned about 0.46% of Capital City Bank Group worth $2,830,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CCBG. Blue Trust Inc. raised its holdings in Capital City Bank Group by 15.4% in the 4th 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 last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Capital City Bank Group during the third quarter valued at $35,000. Empowered Funds LLC raised its stake in shares of 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 valued at $952,000 after acquiring an additional 1,155 shares during the last quarter. FMR LLC lifted its holdings in shares of Capital City Bank Group by 48.5% during the third quarter. FMR LLC now owns 6,630 shares of the financial services provider's stock worth $234,000 after purchasing an additional 2,164 shares during the period. Finally, Martingale Asset Management L P grew its stake in shares of Capital City Bank Group by 7.8% in the third quarter. Martingale Asset Management L P now owns 43,254 shares of the financial services provider's stock worth $1,526,000 after purchasing an additional 3,146 shares during the last quarter. 44.59% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

CCBG has been the subject of several analyst reports. StockNews.com lowered Capital City Bank Group from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Keefe, Bruyette & Woods raised their price objective on Capital City Bank Group from $43.00 to $44.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st.

Capital City Bank Group Trading Up 2.2 %

Shares of CCBG traded up $0.77 during trading hours on Monday, hitting $36.56. 24,707 shares of the stock were exchanged, compared to its average volume of 28,176. The firm has a market capitalization of $623.49 million, a P/E ratio of 11.72 and a beta of 0.54. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. Capital City Bank Group, Inc. has a fifty-two week low of $25.45 and a fifty-two week high of $40.86. The business has a 50-day moving average of $36.42 and a 200-day moving average of $36.37.

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 for the quarter, topping analysts' consensus estimates of $0.70 by $0.07. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. On average, research analysts expect that Capital City Bank Group, Inc. will post 3.06 EPS for the current year.

Capital City Bank Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, March 10th. This is a positive change from Capital City Bank Group's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.63%. Capital City Bank Group's dividend payout ratio is currently 30.77%.

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.