Blue Trust Inc. Has $46,000 Stake in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Blue Trust Inc. reduced its stake in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 70.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,251 shares of the financial services provider’s stock after selling 2,942 shares during the quarter. Blue Trust Inc.’s holdings in Capital City Bank Group were worth $46,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Capital City Bank Group during the 3rd quarter worth about $35,000. FMR LLC raised its stake in shares of Capital City Bank Group by 48.5% in the third quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 2,164 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Capital City Bank Group in the third quarter valued at approximately $235,000. Princeton Capital Management LLC boosted its holdings in shares of Capital City Bank Group by 7.0% in the 3rd quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 500 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Capital City Bank Group during the 3rd quarter worth approximately $323,000. 44.59% of the stock is owned by institutional investors.

Capital City Bank Group Stock Up 0.6 %

NASDAQ:CCBG opened at $36.44 on Thursday. The company has a market cap of $617.44 million, a price-to-earnings ratio of 11.68 and a beta of 0.56. 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 stock’s fifty day moving average price is $36.44 and its two-hundred day moving average price is $36.02. Capital City Bank Group, Inc. has a 52-week low of $25.45 and a 52-week high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, analysts anticipate that Capital City Bank Group, Inc. will post 3.06 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CCBG shares. Keefe, Bruyette & Woods lifted their price objective on 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. StockNews.com upgraded shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 1st.

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.