DekaBank Deutsche Girozentrale Reduces Stock Position in Capital City Bank Group, Inc. (NASDAQ:CCBG)

DekaBank Deutsche Girozentrale lowered its position in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 48.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,974 shares of the financial services provider’s stock after selling 1,874 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Capital City Bank Group were worth $59,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its position in shares of Capital City Bank Group by 2.4% in the 3rd quarter. Alliancebernstein L.P. now owns 12,744 shares of the financial services provider’s stock worth $396,000 after purchasing an additional 300 shares during the period. Legal & General Group Plc lifted its position in shares of Capital City Bank Group by 8.5% in the 2nd quarter. Legal & General Group Plc now owns 4,527 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 355 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Capital City Bank Group by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 91,215 shares of the financial services provider’s stock worth $2,674,000 after purchasing an additional 375 shares during the period. FMR LLC lifted its position in shares of Capital City Bank Group by 9.9% in the 1st quarter. FMR LLC now owns 4,288 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 388 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of Capital City Bank Group by 4.2% in the 2nd quarter. Royal Bank of Canada now owns 10,585 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 428 shares during the period. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Insider Buying and Selling at Capital City Bank Group

In other news, Director Marshall M. Criser III acquired 1,300 shares of Capital City Bank Group stock in a transaction on Thursday, February 29th. The stock was acquired at an average cost of $28.19 per share, for a total transaction of $36,647.00. Following the purchase, the director now owns 15,200 shares in the company, valued at $428,488. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CCBG has been the subject of several research analyst reports. Piper Sandler began coverage on shares of Capital City Bank Group in a research report on Friday, January 5th. They issued an “overweight” rating and a $34.00 target price for the company. 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 for the company in a research note on Wednesday, January 24th. Finally, DA Davidson decreased their price target on shares of Capital City Bank Group from $34.00 to $32.50 and set a “neutral” rating for the company in a research note on Tuesday, January 2nd.

Capital City Bank Group Stock Up 0.5 %

Shares of Capital City Bank Group stock opened at $25.83 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.81 and a quick ratio of 0.81. The company has a 50-day moving average of $27.61 and a 200 day moving average of $28.41. The firm has a market cap of $437.56 million, a price-to-earnings ratio of 8.05 and a beta of 0.53. Capital City Bank Group, Inc. has a 1 year low of $25.57 and a 1 year high of $34.16.

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

Capital City Bank Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were paid a dividend of $0.21 per share. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Friday, March 8th. Capital City Bank Group’s dividend payout ratio (DPR) is currently 26.17%.

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.