Teacher Retirement System of Texas Has $560,000 Stock Position in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Teacher Retirement System of Texas lowered its position in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,270 shares of the financial services provider’s stock after selling 2,167 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.09% of Capital City Bank Group worth $560,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CCBG. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Capital City Bank Group in the 3rd quarter valued at approximately $323,000. FMR LLC increased its stake in shares of Capital City Bank Group by 48.5% during the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 2,164 shares during the last quarter. Martingale Asset Management L P raised its holdings in shares of Capital City Bank Group by 7.8% during the 3rd quarter. Martingale Asset Management L P now owns 43,254 shares of the financial services provider’s stock valued at $1,526,000 after purchasing an additional 3,146 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Capital City Bank Group in the 3rd quarter valued at $235,000. Finally, State Street Corp boosted its holdings in Capital City Bank Group by 1.8% in the third quarter. State Street Corp now owns 341,426 shares of the financial services provider’s stock worth $12,049,000 after purchasing an additional 5,980 shares in the last quarter. 44.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on CCBG. Keefe, Bruyette & Woods raised 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. StockNews.com downgraded Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Friday, March 7th.

Capital City Bank Group Stock Performance

Shares of CCBG opened at $35.85 on Monday. The company has a market capitalization of $611.39 million, a PE ratio of 11.49 and a beta of 0.54. 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 one year low of $25.45 and a one year high of $40.86. The company’s fifty day moving average price is $36.51 and its 200 day moving average price is $36.46.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. As a group, analysts expect that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current year.

Capital City Bank Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.68%. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, March 10th. Capital City Bank Group’s dividend payout ratio is currently 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.