Wellington Management Group LLP Has $8.46 Million Position in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Wellington Management Group LLP grew its holdings in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG - Free Report) by 43.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 230,744 shares of the financial services provider's stock after buying an additional 70,004 shares during the quarter. Wellington Management Group LLP owned 1.36% of Capital City Bank Group worth $8,457,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new position in shares of Capital City Bank Group during the third quarter worth about $35,000. Blue Trust Inc. lifted its stake in Capital City Bank Group by 15.4% during the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider's stock worth $171,000 after purchasing an additional 645 shares during the last quarter. Intech Investment Management LLC acquired a new position in Capital City Bank Group in the fourth quarter worth $235,000. FMR LLC increased its stake in 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 valued at $234,000 after purchasing an additional 2,164 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in Capital City Bank Group during the third quarter valued at $235,000. Institutional investors and hedge funds own 44.59% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CCBG. StockNews.com downgraded shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Keefe, Bruyette & Woods boosted their price objective on Capital City Bank Group from $43.00 to $44.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st.

Capital City Bank Group Stock Up 3.3 %

Shares of NASDAQ CCBG traded up $1.08 during mid-day trading on Wednesday, reaching $34.09. The company had a trading volume of 22,413 shares, compared to its average volume of 29,681. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The company has a market capitalization of $581.35 million, a price-to-earnings ratio of 10.90 and a beta of 0.37. The stock has a fifty day moving average of $35.76 and a two-hundred day moving average of $36.38. Capital City Bank Group, Inc. has a 12-month low of $25.45 and a 12-month high of $40.86.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. As a group, equities 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 declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Capital City Bank Group's previous quarterly dividend of $0.23. Capital City Bank Group's dividend payout ratio is 30.77%.

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.