Geode Capital Management LLC Lowers Stake in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Geode Capital Management LLC reduced its position in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 0.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 319,417 shares of the financial services provider’s stock after selling 1,062 shares during the period. Geode Capital Management LLC’s holdings in Capital City Bank Group were worth $11,710,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Capital City Bank Group by 80.1% during the third quarter. JPMorgan Chase & Co. now owns 87,396 shares of the financial services provider’s stock valued at $3,084,000 after acquiring an additional 38,876 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Capital City Bank Group by 15.4% during the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 645 shares during the last quarter. Barclays PLC lifted its holdings in shares of Capital City Bank Group by 46.8% in the 3rd quarter. Barclays PLC now owns 53,402 shares of the financial services provider’s stock valued at $1,883,000 after buying an additional 17,022 shares during the period. State Street Corp lifted its holdings in Capital City Bank Group by 1.8% in the third quarter. State Street Corp now owns 341,426 shares of the financial services provider’s stock valued at $12,049,000 after acquiring an additional 5,980 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Capital City Bank Group during the fourth quarter worth $647,000. 44.59% of the stock is owned by hedge funds and other institutional investors.

Capital City Bank Group Stock Performance

Shares of Capital City Bank Group stock opened at $35.56 on Tuesday. The business’s fifty day simple moving average is $35.53 and its 200-day simple moving average is $36.41. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The firm has a market cap of $606.44 million, a PE ratio of 11.40 and a beta of 0.37. 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 announced its earnings results on Monday, April 21st. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.24. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. The company had revenue of $61.45 million for the quarter, compared to analyst estimates of $59.75 million. During the same quarter in the previous year, the company earned $0.74 earnings per share. Equities analysts forecast that Capital City Bank Group, Inc. will post 3.06 earnings per share 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. Shareholders of record on Monday, March 10th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 2.70%. Capital City Bank Group’s dividend payout ratio is 30.77%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. StockNews.com lowered Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Keefe, Bruyette & Woods boosted their target price 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.

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.