Empowered Funds LLC Increases Stock Position in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Empowered Funds LLC raised its position in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,964 shares of the financial services provider’s stock after buying an additional 1,155 shares during the period. Empowered Funds LLC owned about 0.15% of Capital City Bank Group worth $952,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Capital City Bank Group in the 3rd quarter valued at about $35,000. Blue Trust Inc. grew its holdings in 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 during the period. SG Americas Securities LLC purchased a new stake in shares of Capital City Bank Group in the third quarter valued at approximately $184,000. FMR LLC raised 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 buying an additional 2,164 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Capital City Bank Group during the 3rd quarter worth approximately $235,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. StockNews.com raised shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a report on Saturday, February 1st. Keefe, Bruyette & Woods lifted their target price on shares of Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, January 31st.

Capital City Bank Group Stock Performance

NASDAQ CCBG opened at $36.99 on Tuesday. 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 cap of $626.61 million, a PE ratio of 11.86 and a beta of 0.56. The stock’s 50 day simple moving average is $36.83 and its 200-day simple moving average is $35.82.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share for the quarter, beating 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, equities research analysts anticipate that Capital City Bank Group, Inc. will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.92 dividend on an annualized basis and a yield of 2.49%. Capital City Bank Group’s payout ratio is presently 29.49%.

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.