Wellington Management Group LLP Makes New Investment in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Wellington Management Group LLP purchased a new stake in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 160,740 shares of the financial services provider's stock, valued at approximately $5,673,000. Wellington Management Group LLP owned 0.95% of Capital City Bank Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of 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 period. State Street Corp raised 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 acquiring an additional 5,980 shares during the period. Renaissance Technologies LLC lifted its holdings in Capital City Bank Group by 4.0% during the second quarter. Renaissance Technologies LLC now owns 206,871 shares of the financial services provider's stock valued at $5,883,000 after purchasing an additional 8,000 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Capital City Bank Group by 7.2% in the second quarter. Acadian Asset Management LLC now owns 175,117 shares of the financial services provider's stock valued at $4,978,000 after purchasing an additional 11,742 shares during the period. Finally, Capital City Trust Co. FL increased its stake in shares of Capital City Bank Group by 6.5% during the third quarter. Capital City Trust Co. FL now owns 150,680 shares of the financial services provider's stock worth $5,318,000 after purchasing an additional 9,148 shares in the last quarter. Hedge funds and other institutional investors own 44.59% of the company's stock.

Capital City Bank Group Stock Down 1.0 %

Capital City Bank Group stock traded down $0.40 during midday trading on Tuesday, reaching $39.00. The company's stock had a trading volume of 40,766 shares, compared to its average volume of 31,290. The company has a market cap of $660.82 million, a P/E ratio of 12.79 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 has a 50-day simple moving average of $37.40 and a 200-day simple moving average of $33.65. Capital City Bank Group, Inc. has a fifty-two week low of $25.45 and a fifty-two week 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 (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%. The business had revenue of $68.84 million during the quarter, compared to analysts' expectations of $54.40 million. On average, research analysts expect that Capital City Bank Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.92 annualized dividend and a yield of 2.36%. Capital City Bank Group's dividend payout ratio (DPR) is 30.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. StockNews.com cut shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a research report on Monday, December 2nd. Keefe, Bruyette & Woods increased 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 report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Capital City Bank Group presently has a consensus rating of "Hold" and a consensus price target of $36.80.

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.