Prospector Partners LLC Has $930,000 Stock Position in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Prospector Partners LLC increased its position in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 17.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,685 shares of the financial services provider’s stock after acquiring an additional 4,900 shares during the quarter. Prospector Partners LLC owned about 0.19% of Capital City Bank Group worth $930,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CCBG. Isthmus Partners LLC raised its holdings in Capital City Bank Group by 1.3% during the 2nd quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,346 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in Capital City Bank Group by 22.3% in the first quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock valued at $100,000 after buying an additional 662 shares during the period. Princeton Capital Management LLC bought a new position in Capital City Bank Group in the second quarter valued at approximately $204,000. Allspring Global Investments Holdings LLC bought a new position in Capital City Bank Group in the second quarter valued at approximately $211,000. Finally, Janus Henderson Group PLC acquired a new stake in Capital City Bank Group during the 1st quarter worth $284,000. Institutional investors own 44.59% of the company’s stock.

Insider Activity

In related news, Treasurer Thomas A. Barron sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the sale, the treasurer now directly owns 140,681 shares in the company, valued at $4,756,424.61. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the transaction, the treasurer now directly owns 140,681 shares in the company, valued at $4,756,424.61. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Treasurer Thomas A. Barron sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $35.26, for a total value of $282,080.00. Following the completion of the sale, the treasurer now owns 143,681 shares in the company, valued at approximately $5,066,192.06. The disclosure for this sale can be found here. Corporate insiders own 19.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Hovde Group raised their price target on Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 24th. Piper Sandler lowered Capital City Bank Group from an “overweight” rating to a “neutral” rating and increased their target price for the company from $30.00 to $34.00 in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods boosted their target price on Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Capital City Bank Group presently has an average rating of “Hold” and a consensus target price of $35.80.

Capital City Bank Group Stock Performance

Shares of Capital City Bank Group stock opened at $36.09 on Friday. The stock’s fifty day simple moving average is $33.51 and its 200 day simple moving average is $29.49. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $611.47 million, a PE ratio of 11.76 and a beta of 0.53. Capital City Bank Group, Inc. has a 12 month low of $25.45 and a 12 month high of $36.67.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. Capital City Bank Group had a return on equity of 11.67% and a net margin of 19.67%. The company had revenue of $58.88 million for the quarter, compared to analyst estimates of $55.15 million.

Capital City Bank Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 9th will be paid a $0.23 dividend. The ex-dividend date is Monday, September 9th. This represents a $0.92 dividend on an annualized basis and a yield of 2.55%. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.21. Capital City Bank Group’s payout ratio is presently 29.97%.

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.