Bank of New York Mellon Corp Buys 23,113 Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG)

Bank of New York Mellon Corp boosted its holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 42.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,207 shares of the financial services provider’s stock after buying an additional 23,113 shares during the quarter. Bank of New York Mellon Corp owned 0.46% of Capital City Bank Group worth $2,830,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CCBG. Wilmington Savings Fund Society FSB purchased a new stake in Capital City Bank Group in the 3rd quarter worth $35,000. Blue Trust Inc. increased its holdings in shares of Capital City Bank Group by 15.4% during the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 645 shares in the last quarter. FMR LLC boosted its position in Capital City Bank Group by 48.5% in the third quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock valued at $234,000 after buying an additional 2,164 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Capital City Bank Group during the third quarter worth about $235,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Capital City Bank Group during the 3rd quarter worth about $323,000. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Analyst Upgrades and Downgrades

CCBG has been the topic of a number of research analyst reports. StockNews.com lowered Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods upped their price target on Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st.

Capital City Bank Group Trading Up 2.2 %

Shares of NASDAQ:CCBG opened at $36.96 on Friday. The company has a market cap of $630.32 million, a PE ratio of 11.85 and a beta of 0.54. The company’s 50 day moving average is $36.38 and its two-hundred day moving average is $36.33. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. Capital City Bank Group, Inc. has a 52 week low of $25.45 and a 52 week high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate 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%. Equities analysts predict that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.24 per share. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.60%. Capital City Bank Group’s dividend payout ratio is 30.77%.

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.