Capital City Bank Group, Inc. (NASDAQ:CCBG) Stock Position Trimmed by Boston Partners

Boston Partners cut its position in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 44.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,050 shares of the financial services provider’s stock after selling 17,740 shares during the quarter. Boston Partners owned about 0.13% of Capital City Bank Group worth $808,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CCBG. Wilmington Savings Fund Society FSB bought a new stake in Capital City Bank Group in the 3rd quarter valued at about $35,000. Blue Trust Inc. increased its stake in Capital City Bank Group by 15.4% during the 4th quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock valued at $171,000 after buying an additional 645 shares during the period. FMR LLC increased its stake in 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 valued at $234,000 after buying an additional 2,164 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Capital City Bank Group during the 3rd quarter valued at about $235,000. Finally, Intech Investment Management LLC acquired a new position in Capital City Bank Group during the 4th quarter valued at about $235,000. 44.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CCBG has been the topic of several research analyst reports. StockNews.com cut shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods raised 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 note on Friday, January 31st.

Capital City Bank Group Stock Performance

Shares of CCBG opened at $35.79 on Friday. The firm’s 50 day moving average is $36.42 and its 200-day moving average is $36.35. The stock has a market capitalization of $610.36 million, a P/E ratio of 11.47 and a beta of 0.54. 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 12-month low of $25.45 and a 12-month high of $40.86.

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 (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. Equities research analysts anticipate that Capital City Bank Group, Inc. will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.68%. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.23. Capital City Bank Group’s payout ratio is currently 30.77%.

Capital City Bank Group Company 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.