American Century Companies Inc. Buys 54,059 Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG)

American Century Companies Inc. grew its stake in Capital City Bank Group, Inc. (NASDAQ:CCBG - Free Report) by 33.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,683 shares of the financial services provider's stock after buying an additional 54,059 shares during the period. American Century Companies Inc. owned approximately 1.28% of Capital City Bank Group worth $7,941,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CCBG. Intech Investment Management LLC bought a new stake in shares of Capital City Bank Group during the 4th quarter worth $235,000. Proficio Capital Partners LLC bought a new stake in Capital City Bank Group during the fourth quarter worth about $647,000. Bank of New York Mellon Corp lifted its stake in Capital City Bank Group by 42.7% during the fourth quarter. Bank of New York Mellon Corp now owns 77,207 shares of the financial services provider's stock worth $2,830,000 after purchasing an additional 23,113 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Capital City Bank Group by 4.7% in the 4th quarter. Empowered Funds LLC now owns 25,964 shares of the financial services provider's stock worth $952,000 after purchasing an additional 1,155 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Capital City Bank Group by 15.4% during the 4th quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider's stock valued at $171,000 after purchasing an additional 645 shares during the last quarter. Hedge funds and other institutional investors own 44.59% of the company's stock.

Analysts Set New Price Targets

CCBG has been the subject of a number of recent research reports. StockNews.com downgraded Capital City Bank Group from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Keefe, Bruyette & Woods upped their price objective on shares of Capital City Bank Group from $43.00 to $44.00 and gave the company an "outperform" rating in a research note on Friday, January 31st.

Capital City Bank Group Trading Up 0.6 %

Shares of NASDAQ CCBG traded up $0.20 during midday trading on Tuesday, reaching $33.76. The company had a trading volume of 30,052 shares, compared to its average volume of 29,788. The firm's fifty day moving average price is $36.20 and its 200-day moving average price is $36.43. 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 one year low of $25.45 and a one year high of $40.86. The stock has a market cap of $575.74 million, a PE ratio of 10.82 and a beta of 0.37.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share for the quarter, beating 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, equities research analysts anticipate that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current year.

Capital City Bank Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Monday, March 10th. This is a positive change from Capital City Bank Group's previous quarterly dividend of $0.23. Capital City Bank Group's dividend payout ratio (DPR) is 30.77%.

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.