Legal & General Group Plc Trims Stock Position in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Legal & General Group Plc decreased its stake in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 31.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,315 shares of the financial services provider’s stock after selling 5,646 shares during the quarter. Legal & General Group Plc’s holdings in Capital City Bank Group were worth $451,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. boosted its position in Capital City Bank Group by 9.9% in the 4th quarter. Invesco Ltd. now owns 27,249 shares of the financial services provider’s stock worth $999,000 after purchasing an additional 2,461 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Capital City Bank Group by 11.3% during the fourth quarter. Wells Fargo & Company MN now owns 17,321 shares of the financial services provider’s stock worth $635,000 after buying an additional 1,761 shares in the last quarter. Wellington Management Group LLP grew its position in Capital City Bank Group by 43.6% during the fourth quarter. Wellington Management Group LLP now owns 230,744 shares of the financial services provider’s stock valued at $8,457,000 after buying an additional 70,004 shares during the period. JPMorgan Chase & Co. increased its holdings in Capital City Bank Group by 18.5% in the fourth quarter. JPMorgan Chase & Co. now owns 103,554 shares of the financial services provider’s stock valued at $3,795,000 after buying an additional 16,158 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Capital City Bank Group by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 748,187 shares of the financial services provider’s stock worth $27,421,000 after acquiring an additional 9,196 shares during the period. 44.59% of the stock is owned by institutional investors and hedge funds.

Capital City Bank Group Price Performance

NASDAQ:CCBG opened at $36.71 on Wednesday. The stock has a 50 day moving average of $35.48 and a two-hundred day moving average of $36.50. 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 $626.05 million, a P/E ratio of 11.77 and a beta of 0.37. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Monday, April 21st. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.75 by $0.24. The firm had revenue of $61.45 million during the quarter, compared to the consensus estimate of $59.75 million. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. During the same period in the prior year, the company earned $0.74 EPS. On average, analysts expect that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.24 dividend. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.62%. The ex-dividend date was Monday, March 10th. Capital City Bank Group’s dividend payout ratio is presently 28.49%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CCBG. StockNews.com lowered Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods upped their target price on Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st.

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.