Lazard Asset Management LLC Increases Stake in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Lazard Asset Management LLC increased its stake in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 30.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,873 shares of the financial services provider’s stock after acquiring an additional 442 shares during the period. Lazard Asset Management LLC’s holdings in Capital City Bank Group were worth $68,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Barclays PLC boosted its holdings in shares of Capital City Bank Group by 46.8% in the 3rd quarter. Barclays PLC now owns 53,402 shares of the financial services provider’s stock valued at $1,883,000 after purchasing an additional 17,022 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Capital City Bank Group by 72.2% in the 4th quarter. SG Americas Securities LLC now owns 8,997 shares of the financial services provider’s stock worth $330,000 after buying an additional 3,772 shares during the period. Blue Trust Inc. boosted its holdings in Capital City Bank Group by 15.4% in the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 645 shares during the last quarter. Empowered Funds LLC grew its position in Capital City Bank Group by 4.7% during the fourth quarter. Empowered Funds LLC now owns 25,964 shares of the financial services provider’s stock valued at $952,000 after acquiring an additional 1,155 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Capital City Bank Group by 42.7% during the 4th quarter. Bank of New York Mellon Corp now owns 77,207 shares of the financial services provider’s stock worth $2,830,000 after purchasing an additional 23,113 shares during the period. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods upped their price target 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 Stock Performance

Shares of NASDAQ:CCBG opened at $37.24 on Monday. The business’s 50-day simple moving average is $36.14 and its 200 day simple moving average is $36.79. The company has a market cap of $635.13 million, a P/E ratio of 11.94 and a beta of 0.33. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. Capital City Bank Group, Inc. has a one year low of $25.45 and a one year high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Monday, April 21st. The financial services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.24. The firm had revenue of $61.45 million for the quarter, compared to analyst estimates 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 in the previous year, the business posted $0.74 EPS. On average, 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 firm also recently disclosed 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 yield of 2.58%. The ex-dividend date of this dividend was Monday, March 10th. 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 (DPR) is 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.