Capital City Bank Group, Inc. (NASDAQ:CCBG) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 320,479 shares of the financial services provider’s stock after buying an additional 7,773 shares during the quarter. Geode Capital Management LLC owned approximately 1.89% of Capital City Bank Group worth $11,312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CCBG. American Century Companies Inc. raised its position in Capital City Bank Group by 40.9% during the second quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider’s stock worth $3,201,000 after acquiring an additional 32,671 shares during the period. FMR LLC increased its stake in shares of Capital City Bank Group by 48.5% during the third 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 in the last quarter. Barclays PLC raised its position in shares of Capital City Bank Group by 46.8% during the 3rd quarter. Barclays PLC now owns 53,402 shares of the financial services provider’s stock worth $1,883,000 after purchasing an additional 17,022 shares during the last quarter. State Street Corp lifted its stake in Capital City Bank Group by 1.8% in the 3rd quarter. State Street Corp now owns 341,426 shares of the financial services provider’s stock valued at $12,049,000 after buying an additional 5,980 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new stake in Capital City Bank Group in the 3rd quarter worth about $5,673,000. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Price Performance

CCBG stock opened at $36.65 on Wednesday. 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 debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The firm has a market capitalization of $621.00 million, a PE ratio of 12.02 and a beta of 0.56. The business has a 50 day simple moving average of $37.75 and a 200-day simple moving average of $34.33.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. The company had revenue of $68.84 million during the quarter, compared to analysts’ expectations of $54.40 million. Equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Monday, December 9th. Capital City Bank Group’s payout ratio is currently 30.16%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CCBG shares. StockNews.com cut Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th. Keefe, Bruyette & Woods increased their price objective on Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.80.

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.