Corebridge Financial Inc. Sells 518 Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG)

Corebridge Financial Inc. trimmed its position in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 7.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,852 shares of the financial services provider’s stock after selling 518 shares during the period. Corebridge Financial Inc.’s holdings in Capital City Bank Group were worth $251,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Capital City Bank Group by 80.1% in the third quarter. JPMorgan Chase & Co. now owns 87,396 shares of the financial services provider’s stock valued at $3,084,000 after purchasing an additional 38,876 shares during the period. FMR LLC lifted its holdings 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 worth $234,000 after purchasing an additional 2,164 shares in the last quarter. Blue Trust Inc. boosted 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 purchasing an additional 645 shares during the last quarter. Barclays PLC boosted its holdings in Capital City Bank Group by 46.8% during the 3rd quarter. Barclays PLC now owns 53,402 shares of the financial services provider’s stock worth $1,883,000 after acquiring an additional 17,022 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Capital City Bank Group by 1.8% during the 3rd quarter. State Street Corp now owns 341,426 shares of the financial services provider’s stock worth $12,049,000 after buying an additional 5,980 shares in the last quarter. Institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Price Performance

Shares of Capital City Bank Group stock opened at $33.13 on Friday. The company’s fifty day simple moving average is $35.94 and its two-hundred day simple moving average is $36.40. Capital City Bank Group, Inc. has a 12-month low of $25.45 and a 12-month high of $40.86. The firm has a market cap of $565.00 million, a PE ratio of 10.62 and a beta of 0.37. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11.

Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results 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 return on equity of 11.45% and a net margin of 19.55%. As a group, equities analysts expect that Capital City Bank Group, Inc. will post 3.06 EPS for the current year.

Capital City Bank Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date was Monday, March 10th. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.23. Capital City Bank Group’s dividend payout ratio is currently 30.77%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CCBG shares. StockNews.com cut Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods boosted their price objective on Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, January 31st.

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.