Capital City Bank Group, Inc. (NASDAQ:CCBG) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC cut its stake in Capital City Bank Group, Inc. (NASDAQ:CCBG - Free Report) by 21.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,306 shares of the financial services provider's stock after selling 23,623 shares during the quarter. Isthmus Partners LLC owned about 0.50% of Capital City Bank Group worth $3,010,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. American Century Companies Inc. lifted its position in Capital City Bank Group by 40.9% during the second quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider's stock valued at $3,201,000 after acquiring an additional 32,671 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Capital City Bank Group by 9.9% during the second quarter. Bank of New York Mellon Corp now owns 65,048 shares of the financial services provider's stock worth $1,850,000 after purchasing an additional 5,878 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Capital City Bank Group by 2.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 78,097 shares of the financial services provider's stock valued at $2,221,000 after purchasing an additional 2,093 shares during the last quarter. Boston Partners boosted its position in shares of Capital City Bank Group by 12.9% in the 1st quarter. Boston Partners now owns 18,365 shares of the financial services provider's stock worth $509,000 after purchasing an additional 2,099 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Capital City Bank Group by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 867,642 shares of the financial services provider's stock worth $24,675,000 after buying an additional 4,606 shares during the last quarter. 44.59% of the stock is owned by institutional investors.

Capital City Bank Group Stock Performance

Shares of CCBG stock traded up $0.26 during mid-day trading on Friday, reaching $39.36. The stock had a trading volume of 26,125 shares, compared to its average volume of 31,436. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. Capital City Bank Group, Inc. has a 1-year low of $25.45 and a 1-year high of $40.86. The firm has a market cap of $666.92 million, a price-to-earnings ratio of 12.90 and a beta of 0.53. The business's fifty day moving average is $36.19 and its 200-day moving average is $32.58.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. The company had revenue of $68.84 million for the quarter, compared to the consensus estimate of $54.40 million. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%. On average, research analysts forecast that Capital City Bank Group, Inc. will post 3.05 earnings per share for the current year.

Capital City Bank Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.92 dividend on an annualized basis and a yield of 2.34%. Capital City Bank Group's dividend payout ratio is presently 30.16%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Capital City Bank Group from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Capital City Bank Group presently has an average rating of "Moderate Buy" and an average price target of $35.80.

Insider Buying and Selling at Capital City Bank Group

In related news, Treasurer Thomas A. Barron sold 3,000 shares of Capital City Bank Group stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the transaction, the treasurer now directly owns 140,681 shares in the company, valued at approximately $4,756,424.61. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.40% of the stock is owned by corporate insiders.

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.