Boston Partners decreased its holdings in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG - Free Report) by 44.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,050 shares of the financial services provider's stock after selling 17,740 shares during the period. Boston Partners owned about 0.13% of Capital City Bank Group worth $808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted 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 buying an additional 645 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Capital City Bank Group in the third quarter valued at approximately $35,000. Empowered Funds LLC boosted its position in 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 valued at $952,000 after buying an additional 1,155 shares during the period. FMR LLC grew 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 purchasing an additional 2,164 shares in the last quarter. Finally, Martingale Asset Management L P grew its position in shares of Capital City Bank Group by 7.8% during 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 buying an additional 3,146 shares in the last quarter. 44.59% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
CCBG has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of 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. StockNews.com lowered shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a research report on Friday, March 7th.
Check Out Our Latest Stock Report on Capital City Bank Group
Capital City Bank Group Stock Performance
Capital City Bank Group stock traded up $0.17 during trading hours on Wednesday, reaching $36.45. 15,998 shares of the stock were exchanged, compared to its average volume of 28,120. Capital City Bank Group, Inc. has a 52-week low of $25.45 and a 52-week high of $40.86. 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 firm's 50 day moving average is $36.48 and its 200 day moving average is $36.40. The stock has a market cap of $621.62 million, a P/E ratio of 11.68 and a beta of 0.54.
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 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%. Analysts predict that Capital City Bank Group, Inc. will post 3.06 EPS for the current fiscal 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 paid a $0.24 dividend. This is an increase 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%. The ex-dividend date was Monday, March 10th. Capital City Bank Group's dividend payout ratio (DPR) is presently 30.77%.
Capital City Bank Group Company Profile
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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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