Alliancebernstein L.P. Has $477,000 Stake in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Alliancebernstein L.P. lowered its holdings in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,014 shares of the financial services provider’s stock after selling 900 shares during the period. Alliancebernstein L.P. owned about 0.08% of Capital City Bank Group worth $477,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCBG. Vanguard Group Inc. boosted its position in shares of Capital City Bank Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 748,187 shares of the financial services provider’s stock valued at $27,421,000 after acquiring an additional 9,196 shares in the last quarter. State Street Corp lifted its stake in Capital City Bank Group by 1.8% during the third quarter. State Street Corp now owns 341,426 shares of the financial services provider’s stock worth $12,049,000 after purchasing an additional 5,980 shares during the period. Geode Capital Management LLC boosted its holdings in Capital City Bank Group by 2.5% during the third quarter. Geode Capital Management LLC now owns 320,479 shares of the financial services provider’s stock valued at $11,312,000 after purchasing an additional 7,773 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Capital City Bank Group by 43.6% in the 4th quarter. Wellington Management Group LLP now owns 230,744 shares of the financial services provider’s stock valued at $8,457,000 after purchasing an additional 70,004 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Capital City Bank Group by 33.2% in the 4th quarter. American Century Companies Inc. now owns 216,683 shares of the financial services provider’s stock worth $7,941,000 after buying an additional 54,059 shares in the last quarter. Institutional investors own 44.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. 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 shares of 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 Stock Up 1.2 %

NASDAQ CCBG opened at $34.30 on Monday. The stock’s 50 day simple moving average is $35.56 and its 200 day simple moving average is $36.40. Capital City Bank Group, Inc. has a one year low of $25.45 and a one year high of $40.86. The firm has a market cap of $584.95 million, a PE ratio of 10.99 and a beta of 0.37. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $0.77 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, sell-side analysts forecast 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 disclosed 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 was Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.80%. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.23. Capital City Bank Group’s dividend payout ratio is currently 30.77%.

Capital City Bank Group Company 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.