Arrowstreet Capital Limited Partnership Has $656,000 Stock Holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Arrowstreet Capital Limited Partnership lowered its stake in Capital City Bank Group, Inc. (NASDAQ:CCBG - Free Report) by 54.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 17,906 shares of the financial services provider's stock after selling 21,722 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.11% of Capital City Bank Group worth $656,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in Capital City Bank Group in the 3rd quarter worth about $35,000. Blue Trust Inc. boosted its stake in shares of 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. FMR LLC increased its stake in 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 acquiring an additional 2,164 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Capital City Bank Group in the 3rd quarter valued at $235,000. Finally, Intech Investment Management LLC bought a new stake in shares of Capital City Bank Group during the 4th quarter valued at $235,000. 44.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on CCBG. Keefe, Bruyette & Woods boosted their price target on 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. StockNews.com downgraded shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a report on Friday, March 7th.

Capital City Bank Group Price Performance

Capital City Bank Group stock traded up $0.45 during midday trading on Thursday, reaching $34.35. The company's stock had a trading volume of 5,177 shares, compared to its average volume of 29,698. 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 cap of $585.72 million, a PE ratio of 11.09 and a beta of 0.37. Capital City Bank Group, Inc. has a 52 week low of $25.45 and a 52 week high of $40.86. The business has a 50-day moving average price of $35.69 and a 200-day moving average price of $36.36.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced 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%. On average, sell-side analysts predict that Capital City Bank Group, Inc. will post 3.06 EPS for the current year.

Capital City Bank Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.80%. This is a positive change from Capital City Bank Group's previous quarterly dividend of $0.23. Capital City Bank Group's payout ratio is currently 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.