UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 3,076 Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 22.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,839 shares of the financial services provider’s stock after selling 3,076 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.06% of Capital City Bank Group worth $383,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Isthmus Partners LLC boosted its stake in Capital City Bank Group by 1.3% in 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 period. Blue Trust Inc. lifted its holdings in shares of Capital City Bank Group by 1,482.3% in the third quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 3,928 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Capital City Bank Group during the third quarter worth about $184,000. Princeton Capital Management LLC bought a new position in shares of Capital City Bank Group during the second quarter worth about $204,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Capital City Bank Group during the second quarter worth about $211,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. StockNews.com upgraded Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th. Keefe, Bruyette & Woods lifted their price objective on shares of Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Capital City Bank Group has a consensus rating of “Moderate Buy” and an average price target of $36.80.

Capital City Bank Group Stock Performance

CCBG opened at $36.84 on Friday. The business’s 50-day simple moving average is $37.55 and its 200 day simple moving average is $33.81. Capital City Bank Group, Inc. has a 52-week low of $25.45 and a 52-week high of $40.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market capitalization of $624.22 million, a PE ratio of 12.08 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. The firm had revenue of $68.84 million for the quarter, compared to analyst estimates of $54.40 million. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. As a group, sell-side analysts expect that Capital City Bank Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Monday, December 9th. Capital City Bank Group’s dividend payout ratio is currently 30.16%.

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.