JPMorgan Chase & Co. Has $3.08 Million Stake in Capital City Bank Group, Inc. (NASDAQ:CCBG)

JPMorgan Chase & Co. grew its holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG - Free Report) by 80.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 87,396 shares of the financial services provider's stock after acquiring an additional 38,876 shares during the quarter. JPMorgan Chase & Co. owned 0.52% of Capital City Bank Group worth $3,084,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in Capital City Bank Group during the 3rd quarter worth $35,000. Geode Capital Management LLC increased its position in shares of Capital City Bank Group by 2.5% in the third quarter. Geode Capital Management LLC now owns 320,479 shares of the financial services provider's stock worth $11,312,000 after purchasing an additional 7,773 shares during the period. Barclays PLC raised its stake in Capital City Bank Group by 46.8% in the third quarter. Barclays PLC now owns 53,402 shares of the financial services provider's stock valued at $1,883,000 after purchasing an additional 17,022 shares in the last quarter. Wellington Management Group LLP bought a new stake in Capital City Bank Group during the third quarter worth about $5,673,000. Finally, State Street Corp grew its stake in Capital City Bank Group by 1.8% during the third quarter. State Street Corp now owns 341,426 shares of the financial services provider's stock worth $12,049,000 after buying an additional 5,980 shares in the last quarter. 44.59% of the stock is owned by institutional investors.

Capital City Bank Group Price Performance

Shares of CCBG stock traded up $0.43 on Monday, reaching $36.00. The company had a trading volume of 25,327 shares, compared to its average volume of 26,342. The stock has a market capitalization of $609.84 million, a PE ratio of 11.80 and a beta of 0.56. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The business's 50-day moving average is $37.60 and its 200 day moving average is $35.06. Capital City Bank Group, Inc. has a one year low of $25.45 and a one year high of $40.86.

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

Capital City Bank Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.92 dividend on an annualized basis and a yield of 2.56%. Capital City Bank Group's dividend payout ratio (DPR) is presently 30.16%.

Analysts Set New Price Targets

Several brokerages have recently commented on CCBG. StockNews.com upgraded shares of Capital City Bank Group from a "hold" rating to a "buy" rating in a research report on Monday, January 6th. Keefe, Bruyette & Woods boosted their price objective on shares of Capital City Bank Group from $39.00 to $43.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Capital City Bank Group currently has a consensus rating of "Moderate Buy" and an average price target of $37.88.

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.