Connor Clark & Lunn Investment Management Ltd. Reduces Stock Position in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,397 shares of the financial services provider’s stock after selling 746 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Capital City Bank Group were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in shares of Capital City Bank Group during the 4th quarter valued at $647,000. Bank of New York Mellon Corp increased its position in shares of Capital City Bank Group by 42.7% during the fourth quarter. Bank of New York Mellon Corp now owns 77,207 shares of the financial services provider’s stock valued at $2,830,000 after buying an additional 23,113 shares during the period. Empowered Funds LLC lifted its holdings in shares of Capital City Bank Group by 4.7% in the fourth quarter. Empowered Funds LLC now owns 25,964 shares of the financial services provider’s stock worth $952,000 after buying an additional 1,155 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Capital City Bank Group by 15.4% in 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 during the period. Finally, SG Americas Securities LLC grew its stake in Capital City Bank Group by 72.2% during the fourth quarter. SG Americas Securities LLC now owns 8,997 shares of the financial services provider’s stock valued at $330,000 after acquiring an additional 3,772 shares in the last quarter. Institutional investors own 44.59% of the company’s stock.

Analysts Set New Price Targets

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

Capital City Bank Group Trading Down 3.2 %

Shares of CCBG opened at $35.79 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. 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 market capitalization of $610.36 million, a P/E ratio of 11.47 and a beta of 0.54. The firm’s 50 day simple moving average is $36.42 and its 200 day simple moving average is $36.37.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share for the quarter, beating 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%. Sell-side analysts forecast 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.24 dividend. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Monday, March 10th. Capital City Bank Group’s dividend payout ratio is presently 30.77%.

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.