Blue Trust Inc. Acquires 645 Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG)

Blue Trust Inc. increased its holdings in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 15.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,838 shares of the financial services provider’s stock after acquiring an additional 645 shares during the period. Blue Trust Inc.’s holdings in Capital City Bank Group were worth $171,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Capital City Bank Group in the third quarter valued at about $184,000. Inspire Investing LLC bought a new stake in shares of Capital City Bank Group during the 3rd quarter worth approximately $414,000. Empowered Funds LLC grew its position in shares of Capital City Bank Group by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 24,809 shares of the financial services provider’s stock valued at $876,000 after acquiring an additional 1,206 shares during the period. Capital City Trust Co. FL lifted its position in shares of Capital City Bank Group by 6.5% in the third quarter. Capital City Trust Co. FL now owns 150,680 shares of the financial services provider’s stock valued at $5,318,000 after buying an additional 9,148 shares during the last quarter. Finally, Princeton Capital Management LLC increased its holdings in shares of Capital City Bank Group by 7.0% in the third quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 500 shares during the last quarter. 44.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CCBG shares. StockNews.com raised Capital City Bank Group from a “hold” rating to a “buy” rating in a report on Saturday. Keefe, Bruyette & Woods upped their price objective on 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.

Capital City Bank Group Stock Performance

Shares of Capital City Bank Group stock opened at $37.72 on Wednesday. The stock has a market cap of $638.98 million, a price-to-earnings ratio of 12.09 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. Capital City Bank Group, Inc. has a twelve month low of $25.45 and a twelve month high of $40.86. The company’s fifty day moving average is $37.16 and its 200 day moving average is $35.62.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 EPS for the quarter, beating 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%. Sell-side analysts forecast that Capital City Bank Group, Inc. will post 3.06 EPS for the current year.

Capital City Bank Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Monday, December 9th. Capital City Bank Group’s payout ratio is 29.49%.

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.