SG Americas Securities LLC increased its position in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG – Free Report) by 72.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,997 shares of the financial services provider’s stock after acquiring an additional 3,772 shares during the period. SG Americas Securities LLC owned approximately 0.05% of Capital City Bank Group worth $330,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Capital City Bank Group by 1.8% during the 3rd 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 in the last quarter. Geode Capital Management LLC increased its position in shares of Capital City Bank Group by 2.5% in the third quarter. Geode Capital Management LLC now owns 320,479 shares of the financial services provider’s stock worth $11,312,000 after acquiring an additional 7,773 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Capital City Bank Group in the 3rd quarter valued at approximately $5,673,000. Capital City Trust Co. FL lifted its position in shares of Capital City Bank Group by 6.5% in the 3rd quarter. Capital City Trust Co. FL now owns 150,680 shares of the financial services provider’s stock valued at $5,318,000 after acquiring an additional 9,148 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Capital City Bank Group by 80.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 87,396 shares of the financial services provider’s stock worth $3,084,000 after purchasing an additional 38,876 shares during the period. 44.59% of the stock is owned by institutional investors and hedge funds.
Capital City Bank Group Price Performance
Shares of Capital City Bank Group stock opened at $37.72 on Wednesday. Capital City Bank Group, Inc. has a 1-year low of $25.45 and a 1-year high of $40.86. The firm has a fifty day simple moving average of $37.16 and a 200-day simple moving average of $35.62. 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 capitalization of $638.98 million, a price-to-earnings ratio of 12.09 and a beta of 0.56.
Capital City Bank Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Monday, December 9th. Capital City Bank Group’s dividend payout ratio is currently 29.49%.
Analyst Upgrades and Downgrades
CCBG has been the subject of several research analyst reports. StockNews.com raised Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Saturday. Keefe, Bruyette & Woods upped their target price on Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, January 31st.
Read Our Latest Report on CCBG
Capital City Bank Group 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.
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