Bank of New York Mellon Corp Raises Stock Holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Bank of New York Mellon Corp lifted its stake in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 9.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,048 shares of the financial services provider’s stock after purchasing an additional 5,878 shares during the period. Bank of New York Mellon Corp owned about 0.38% of Capital City Bank Group worth $1,850,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC boosted its position in Capital City Bank Group by 22.3% during the first quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 662 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Capital City Bank Group during the 1st quarter worth approximately $284,000. Los Angeles Capital Management LLC grew its position in shares of Capital City Bank Group by 16.0% in the first quarter. Los Angeles Capital Management LLC now owns 10,710 shares of the financial services provider’s stock valued at $297,000 after purchasing an additional 1,480 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Capital City Bank Group by 30.5% in the fourth quarter. BNP Paribas Financial Markets now owns 14,999 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 3,504 shares during the last quarter. Finally, Boston Partners lifted its position in Capital City Bank Group by 12.9% during the first quarter. Boston Partners now owns 18,365 shares of the financial services provider’s stock worth $509,000 after buying an additional 2,099 shares in the last quarter. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Trading Down 0.6 %

Shares of CCBG stock opened at $34.70 on Wednesday. The stock has a market capitalization of $587.92 million, a P/E ratio of 11.30 and a beta of 0.53. Capital City Bank Group, Inc. has a fifty-two week low of $25.45 and a fifty-two week high of $36.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.83 and a current ratio of 0.83. The company has a 50 day moving average price of $33.11 and a 200 day moving average price of $29.34.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. Capital City Bank Group had a net margin of 19.67% and a return on equity of 11.67%. The company had revenue of $58.88 million during the quarter, compared to the consensus estimate of $55.15 million.

Capital City Bank Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Monday, September 9th will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, September 9th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.65%. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.21. Capital City Bank Group’s dividend payout ratio (DPR) is currently 29.97%.

Insiders Place Their Bets

In other news, Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the completion of the transaction, the treasurer now owns 140,681 shares in the company, valued at approximately $4,756,424.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Treasurer Thomas A. Barron sold 8,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $35.26, for a total value of $282,080.00. Following the completion of the transaction, the treasurer now directly owns 143,681 shares of the company’s stock, valued at $5,066,192.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Treasurer Thomas A. Barron sold 3,000 shares of the firm’s 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 sale, the treasurer now owns 140,681 shares in the company, valued at approximately $4,756,424.61. The disclosure for this sale can be found here. 19.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Hovde Group boosted their target price on shares of Capital City Bank Group from $30.00 to $37.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. Piper Sandler lowered shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $30.00 to $34.00 in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods upped their price target on Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $35.80.

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.