SG Americas Securities LLC Raises Holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG)

SG Americas Securities LLC lifted its holdings in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 29.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,299 shares of the financial services provider’s stock after acquiring an additional 1,449 shares during the period. SG Americas Securities LLC’s holdings in Capital City Bank Group were worth $185,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. grew its stake in shares of Capital City Bank Group by 1.4% during the first quarter. BlackRock Inc. now owns 1,949,619 shares of the financial services provider’s stock worth $57,143,000 after acquiring an additional 26,919 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Capital City Bank Group by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 828,120 shares of the financial services provider’s stock worth $21,829,000 after acquiring an additional 3,768 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Capital City Bank Group by 1.4% during the third quarter. Vanguard Group Inc. now owns 700,918 shares of the financial services provider’s stock worth $20,908,000 after acquiring an additional 9,449 shares during the last quarter. State Street Corp grew its stake in shares of Capital City Bank Group by 8.3% during the first quarter. State Street Corp now owns 331,166 shares of the financial services provider’s stock worth $9,706,000 after acquiring an additional 25,245 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Capital City Bank Group by 3.0% during the third quarter. JPMorgan Chase & Co. now owns 328,148 shares of the financial services provider’s stock worth $9,789,000 after acquiring an additional 9,589 shares during the last quarter. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Insiders Place Their Bets

In related news, Director Marshall M. Criser III acquired 1,300 shares of the stock in a transaction on Thursday, February 29th. The shares were acquired at an average price of $28.19 per share, for a total transaction of $36,647.00. Following the transaction, the director now owns 15,200 shares in the company, valued at approximately $428,488. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 19.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CCBG. DA Davidson cut their price target on shares of Capital City Bank Group from $34.00 to $32.50 and set a “neutral” rating on the stock in a report on Tuesday, January 2nd. Piper Sandler began coverage on shares of Capital City Bank Group in a report on Friday, January 5th. They issued an “overweight” rating and a $34.00 price target on the stock. Finally, Janney Montgomery Scott upgraded shares of Capital City Bank Group from a “neutral” rating to a “buy” rating and set a $37.50 price target on the stock in a report on Wednesday, January 24th.

Capital City Bank Group Price Performance

Shares of NASDAQ:CCBG opened at $26.05 on Friday. Capital City Bank Group, Inc. has a twelve month low of $25.57 and a twelve month high of $34.16. The company’s 50 day moving average is $27.72 and its 200 day moving average is $28.49. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.12. The company has a market cap of $441.29 million, a PE ratio of 8.12 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.70 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.02). Capital City Bank Group had a return on equity of 12.99% and a net margin of 20.67%. The company had revenue of $63.34 million during the quarter, compared to analysts’ expectations of $56.50 million. On average, sell-side analysts forecast that Capital City Bank Group, Inc. will post 2.87 EPS for the current year.

Capital City Bank Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.20. Capital City Bank Group’s dividend payout ratio is currently 26.17%.

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.