9,800 Shares in Capital City Bank Group, Inc. (NASDAQ:CCBG) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in Capital City Bank Group, Inc. (NASDAQ:CCBG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,800 shares of the financial services provider's stock, valued at approximately $359,000. KLP Kapitalforvaltning AS owned 0.06% of Capital City Bank Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CCBG. Blue Trust Inc. increased its position in shares of Capital City Bank Group by 15.4% during the 4th quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider's stock valued at $171,000 after purchasing an additional 645 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Capital City Bank Group in the third quarter worth about $35,000. Empowered Funds LLC lifted its holdings 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 acquiring an additional 1,155 shares during the last quarter. FMR LLC boosted its position in shares of 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 valued at $234,000 after purchasing an additional 2,164 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Capital City Bank Group by 72.2% in the 4th quarter. SG Americas Securities LLC now owns 8,997 shares of the financial services provider's stock worth $330,000 after purchasing an additional 3,772 shares during the last quarter. Institutional investors own 44.59% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CCBG. Keefe, Bruyette & Woods lifted their price target on shares of Capital City Bank Group from $43.00 to $44.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. StockNews.com downgraded Capital City Bank Group from a "buy" rating to a "hold" rating in a report on Friday, March 7th.

Capital City Bank Group Trading Down 4.4 %

NASDAQ CCBG traded down $1.53 on Thursday, hitting $33.34. 21,865 shares of the stock were exchanged, compared to its average volume of 29,889. The company's 50-day moving average price is $36.04 and its two-hundred day moving average price is $36.41. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. 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 market capitalization of $568.58 million, a price-to-earnings ratio of 10.69 and a beta of 0.37.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share for the quarter, beating 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%. Research analysts predict 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. Investors of record on Monday, March 10th were issued a dividend of $0.24 per share. This is a boost from Capital City Bank Group's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Monday, March 10th. Capital City Bank Group's dividend payout ratio (DPR) is currently 30.77%.

Capital City Bank Group Company 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.