Capital City Bank Group, Inc. (CCBG) Stake Increased by Northern Trust Corp

Northern Trust Corp grew its holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,923 shares of the financial services provider’s stock after buying an additional 7,890 shares during the period. Northern Trust Corp owned 0.85% of Capital City Bank Group worth $3,424,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CCBG. Cim Investment Mangement Inc. acquired a new stake in Capital City Bank Group during the 2nd quarter worth approximately $334,000. First Trust Advisors LP lifted its holdings in Capital City Bank Group by 21.4% during the 2nd quarter. First Trust Advisors LP now owns 24,092 shares of the financial services provider’s stock worth $569,000 after purchasing an additional 4,251 shares during the last quarter. Strs Ohio lifted its holdings in Capital City Bank Group by 11.9% during the 2nd quarter. Strs Ohio now owns 30,200 shares of the financial services provider’s stock worth $713,000 after purchasing an additional 3,200 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Capital City Bank Group by 31.9% during the 2nd quarter. Acadian Asset Management LLC now owns 56,427 shares of the financial services provider’s stock worth $1,333,000 after purchasing an additional 13,636 shares during the last quarter. Finally, Teton Advisors Inc. lifted its holdings in Capital City Bank Group by 16.2% during the 2nd quarter. Teton Advisors Inc. now owns 95,976 shares of the financial services provider’s stock worth $2,268,000 after purchasing an additional 13,376 shares during the last quarter. 38.27% of the stock is owned by institutional investors.

Several analysts recently weighed in on the company. BidaskClub raised Capital City Bank Group from a “hold” rating to a “buy” rating in a report on Friday, August 24th. Zacks Investment Research cut Capital City Bank Group from a “hold” rating to a “sell” rating in a report on Friday, November 16th. Stephens reissued a “hold” rating and set a $26.00 price target on shares of Capital City Bank Group in a report on Tuesday, July 31st. Finally, Hovde Group reissued a “buy” rating and set a $29.00 price target on shares of Capital City Bank Group in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $26.80.

In related news, Treasurer Thomas A. Barron sold 5,000 shares of the business’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $23.99, for a total transaction of $119,950.00. Following the sale, the treasurer now owns 130,507 shares in the company, valued at approximately $3,130,862.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Treasurer Thomas A. Barron sold 2,041 shares of the business’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $25.15, for a total value of $51,331.15. Following the sale, the treasurer now owns 123,466 shares in the company, valued at approximately $3,105,169.90. The disclosure for this sale can be found here. 24.31% of the stock is owned by company insiders.

NASDAQ:CCBG opened at $25.10 on Monday. The company has a market cap of $428.17 million, a P/E ratio of 28.52 and a beta of 0.58. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.22. Capital City Bank Group, Inc. has a 1-year low of $19.92 and a 1-year high of $26.50.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $0.33 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. Capital City Bank Group had a return on equity of 6.84% and a net margin of 12.10%. The business had revenue of $36.93 million during the quarter, compared to analysts’ expectations of $36.10 million. As a group, equities research analysts forecast that Capital City Bank Group, Inc. will post 1.14 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.36 dividend on an annualized basis and a yield of 1.43%. Capital City Bank Group’s dividend payout ratio (DPR) is presently 40.91%.

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Capital City Bank Group Profile

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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.

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Institutional Ownership by Quarter for Capital City Bank Group (NASDAQ:CCBG)

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