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

Geode Capital Management LLC lessened its stake in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 owned approximately 1.89% of Capital City Bank Group worth $11,710,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CCBG. JPMorgan Chase & Co. grew its position in 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 during the last quarter. Blue Trust Inc. lifted its position in shares of Capital City Bank Group by 15.4% in the 4th 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 period. Barclays PLC boosted its position in Capital City Bank Group by 46.8% during the 3rd quarter. Barclays PLC now owns 53,402 shares of the financial services provider’s stock valued at $1,883,000 after acquiring an additional 17,022 shares in the last quarter. State Street Corp boosted its position in shares of 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 valued at $12,049,000 after purchasing an additional 5,980 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Capital City Bank Group during the 4th quarter valued at $647,000. Institutional investors own 44.59% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. StockNews.com downgraded Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, January 31st.

Capital City Bank Group Trading Up 3.7 %

NASDAQ:CCBG opened at $35.56 on Tuesday. The business has a fifty day moving average price of $35.53 and a 200-day moving average price of $36.41. Capital City Bank Group, Inc. has a one year low of $25.45 and a one year high of $40.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The firm has a market capitalization of $606.44 million, a price-to-earnings ratio of 11.40 and a beta of 0.37.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Monday, April 21st. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.24. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. The business had revenue of $61.45 million during the quarter, compared to analyst estimates of $59.75 million. During the same period in the prior year, the business posted $0.74 earnings per share. Sell-side analysts forecast that Capital City Bank Group, Inc. will post 3.06 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 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.24 per share. 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%. The ex-dividend date was Monday, March 10th. Capital City Bank Group’s dividend payout ratio (DPR) is 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.