Fmr LLC Purchases 2,164 Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG)

Fmr LLC raised its position in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 48.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,630 shares of the financial services provider’s stock after buying an additional 2,164 shares during the quarter. Fmr LLC’s holdings in Capital City Bank Group were worth $234,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Princeton Capital Management LLC grew its stake in Capital City Bank Group by 7.0% during the third quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider’s stock worth $271,000 after buying an additional 500 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Capital City Bank Group by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 24,809 shares of the financial services provider’s stock worth $876,000 after acquiring an additional 1,206 shares in the last quarter. Rhumbline Advisers increased its stake in Capital City Bank Group by 6.5% in the second quarter. Rhumbline Advisers now owns 21,602 shares of the financial services provider’s stock valued at $614,000 after acquiring an additional 1,316 shares during the last quarter. Isthmus Partners LLC raised its position in Capital City Bank Group by 1.3% during the second quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 1,346 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in Capital City Bank Group by 2.8% during the second quarter. Panagora Asset Management Inc. now owns 78,097 shares of the financial services provider’s stock worth $2,221,000 after purchasing an additional 2,093 shares during the last quarter. Institutional investors own 44.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CCBG shares. StockNews.com raised Capital City Bank Group from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th. Keefe, Bruyette & Woods boosted their target price on Capital City Bank Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Capital City Bank Group presently has a consensus rating of “Moderate Buy” and an average price target of $36.80.

Capital City Bank Group Stock Performance

NASDAQ:CCBG opened at $36.84 on Friday. The stock’s 50-day moving average is $37.55 and its 200-day moving average is $33.81. Capital City Bank Group, Inc. has a 1-year low of $25.45 and a 1-year high of $40.86. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The stock has a market cap of $624.22 million, a P/E ratio of 12.08 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping 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 anticipate that Capital City Bank Group, Inc. will post 3.05 earnings per share for the current year.

Capital City Bank Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.23 per share. The ex-dividend date is Monday, December 9th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.50%. Capital City Bank Group’s dividend payout ratio (DPR) is 30.16%.

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.