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

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

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in Capital City Bank Group during the third quarter worth about $35,000. FMR LLC raised its position in shares of Capital City Bank Group by 48.5% in the 3rd 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 period. Integrated Wealth Concepts LLC acquired a new stake in shares of Capital City Bank Group in the 3rd quarter valued at approximately $235,000. Princeton Capital Management LLC boosted its stake in Capital City Bank Group by 7.0% during 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 during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Capital City Bank Group during the third quarter valued at approximately $323,000. Institutional investors own 44.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CCBG shares. Keefe, Bruyette & Woods increased their target price on shares of Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a 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.

Capital City Bank Group Price Performance

NASDAQ CCBG opened at $36.44 on Thursday. 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 has a market cap of $617.44 million, a price-to-earnings ratio of 11.68 and a beta of 0.56. The business has a 50 day simple moving average of $36.44 and a 200 day simple moving average of $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 released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share for the quarter, beating 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%. Analysts anticipate that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current fiscal year.

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.