Proficio Capital Partners LLC Invests $647,000 in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Proficio Capital Partners LLC purchased a new stake in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,665 shares of the financial services provider's stock, valued at approximately $647,000. Proficio Capital Partners LLC owned 0.10% of Capital City Bank Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in shares of Capital City Bank Group by 80.1% in the third quarter. JPMorgan Chase & Co. now owns 87,396 shares of the financial services provider's stock valued at $3,084,000 after buying an additional 38,876 shares during the period. FMR LLC raised its stake in Capital City Bank Group by 48.5% in the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider's stock valued at $234,000 after acquiring an additional 2,164 shares during the period. Blue Trust Inc. lifted its holdings 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 valued at $171,000 after purchasing an additional 645 shares during the last quarter. Barclays PLC lifted its holdings in Capital City Bank Group by 46.8% during 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 during the last quarter. Finally, State Street Corp boosted its position 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 purchasing an additional 5,980 shares during the period. Institutional investors own 44.59% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CCBG. Keefe, Bruyette & Woods boosted their target price on shares of Capital City Bank Group from $43.00 to $44.00 and gave the company an "outperform" rating in a report 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

Shares of CCBG stock traded up $0.16 on Thursday, reaching $36.61. The company's stock had a trading volume of 20,015 shares, compared to its average volume of 28,124. The company has a market capitalization of $624.35 million, a P/E ratio of 11.73 and a beta of 0.54. Capital City Bank Group, Inc. has a 12-month low of $25.45 and a 12-month high of $40.86. The stock's 50 day simple moving average is $36.49 and its 200-day simple moving average is $36.40. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 EPS for the quarter, topping analysts' consensus estimates 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%. As a group, equities analysts predict that Capital City Bank Group, Inc. will post 3.06 earnings per share 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. Stockholders of record on Monday, March 10th were issued a $0.24 dividend. This is a boost from Capital City Bank Group's previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Monday, March 10th. Capital City Bank Group's dividend payout ratio is presently 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.