Invesco Ltd. Has $999,000 Stock Position in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Invesco Ltd. raised its holdings in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 9.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,249 shares of the financial services provider’s stock after buying an additional 2,461 shares during the quarter. Invesco Ltd. owned about 0.16% of Capital City Bank Group worth $999,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CCBG. Wellington Management Group LLP lifted its position in Capital City Bank Group by 43.6% in the fourth quarter. Wellington Management Group LLP now owns 230,744 shares of the financial services provider’s stock worth $8,457,000 after purchasing an additional 70,004 shares during the period. American Century Companies Inc. lifted its holdings in shares of Capital City Bank Group by 33.2% during the 4th quarter. American Century Companies Inc. now owns 216,683 shares of the financial services provider’s stock worth $7,941,000 after acquiring an additional 54,059 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Capital City Bank Group by 80.1% during the 3rd 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. Bank of New York Mellon Corp increased its stake in Capital City Bank Group by 42.7% in the fourth quarter. Bank of New York Mellon Corp now owns 77,207 shares of the financial services provider’s stock valued at $2,830,000 after acquiring an additional 23,113 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Capital City Bank Group in the fourth quarter worth about $647,000. 44.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CCBG has been the subject of a number of analyst reports. StockNews.com cut Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Keefe, Bruyette & Woods increased 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 research report on Friday, January 31st.

Capital City Bank Group Price Performance

NASDAQ:CCBG opened at $36.72 on Friday. The stock has a market capitalization of $626.22 million, a PE ratio of 11.77 and a beta of 0.37. Capital City Bank Group, Inc. has a 1-year low of $25.45 and a 1-year high of $40.86. The firm has a fifty day simple moving average of $35.52 and a 200 day simple moving average of $36.52. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11.

Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results on Monday, April 21st. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.24. The company had revenue of $61.45 million during the quarter, compared to analysts’ expectations of $59.75 million. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. During the same quarter last year, the company posted $0.74 EPS. On average, research analysts expect that Capital City Bank Group, Inc. will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.23. Capital City Bank Group’s payout ratio is presently 28.49%.

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.