Capital City Bank Group, Inc. (NASDAQ:CCBG) Treasurer Thomas A. Barron Sells 3,000 Shares

Capital City Bank Group, Inc. (NASDAQ:CCBG) Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the completion of the transaction, the treasurer now directly owns 140,681 shares in the company, valued at approximately $4,756,424.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Capital City Bank Group Trading Up 0.3 %

Shares of NASDAQ CCBG traded up $0.10 during mid-day trading on Thursday, hitting $33.50. The stock had a trading volume of 5,738 shares, compared to its average volume of 31,814. The firm has a market cap of $567.59 million, a P/E ratio of 10.88 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.83 and a current ratio of 0.83. The business has a 50 day moving average price of $32.53 and a two-hundred day moving average price of $29.15. Capital City Bank Group, Inc. has a 1 year low of $25.45 and a 1 year high of $36.49.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. Capital City Bank Group had a return on equity of 11.67% and a net margin of 19.67%. The company had revenue of $58.88 million for the quarter, compared to the consensus estimate of $55.15 million.

Capital City Bank Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 9th will be given a dividend of $0.23 per share. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Monday, September 9th. Capital City Bank Group’s payout ratio is presently 29.97%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CCBG shares. Keefe, Bruyette & Woods upped their price objective on Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Piper Sandler downgraded shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $30.00 to $34.00 in a research note on Monday, July 29th. Finally, Hovde Group upped their price objective on shares of Capital City Bank Group from $30.00 to $37.00 and gave the company a “market perform” rating in a research note on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $35.80.

Institutional Trading of Capital City Bank Group

Several large investors have recently bought and sold shares of CCBG. Lazard Asset Management LLC boosted its stake in Capital City Bank Group by 22.3% during the first quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 662 shares in the last quarter. Rhumbline Advisers raised its stake in Capital City Bank Group by 6.5% during the second quarter. Rhumbline Advisers now owns 21,602 shares of the financial services provider’s stock valued at $614,000 after buying an additional 1,316 shares during the last quarter. Isthmus Partners LLC boosted its holdings in Capital City Bank Group by 1.3% in the second quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,346 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Capital City Bank Group by 16.0% in the first quarter. Los Angeles Capital Management LLC now owns 10,710 shares of the financial services provider’s stock worth $297,000 after acquiring an additional 1,480 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its holdings in shares of Capital City Bank Group by 2.8% during the second quarter. Panagora Asset Management Inc. now owns 78,097 shares of the financial services provider’s stock valued at $2,221,000 after acquiring an additional 2,093 shares in the last quarter. 44.59% of the stock is owned by institutional investors.

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.