Rhumbline Advisers Has $756,000 Holdings in Capital City Bank Group (NASDAQ:CCBG)

Rhumbline Advisers lowered its position in shares of Capital City Bank Group (NASDAQ:CCBG) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,012 shares of the financial services provider’s stock after selling 1,016 shares during the quarter. Rhumbline Advisers owned 0.12% of Capital City Bank Group worth $756,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP grew its position in Capital City Bank Group by 43.6% during the fourth 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 in the last quarter. American Century Companies Inc. grew its position in Capital City Bank Group by 33.2% during the fourth quarter. American Century Companies Inc. now owns 216,683 shares of the financial services provider’s stock valued at $7,941,000 after purchasing an additional 54,059 shares in the last quarter. Bank of New York Mellon Corp grew its position in Capital City Bank Group by 42.7% during 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 purchasing an additional 23,113 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Capital City Bank Group during the fourth quarter valued at approximately $647,000. Finally, JPMorgan Chase & Co. grew its position in Capital City Bank Group by 18.5% during the fourth quarter. JPMorgan Chase & Co. now owns 103,554 shares of the financial services provider’s stock valued at $3,795,000 after purchasing an additional 16,158 shares in the last quarter. Institutional investors and hedge funds own 44.59% of the company’s stock.

Capital City Bank Group Stock Performance

CCBG stock opened at $36.90 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $629.33 million, a price-to-earnings ratio of 10.95 and a beta of 0.36. Capital City Bank Group has a 12 month low of $26.40 and a 12 month high of $40.86. The firm has a 50 day moving average of $37.03 and a two-hundred day moving average of $36.61.

Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results on Monday, April 21st. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.75 by $0.24. The company had revenue of $61.45 million during the quarter, compared to the consensus estimate of $59.75 million. Capital City Bank Group had a net margin of 20.77% and a return on equity of 11.76%. During the same period in the previous year, the firm posted $0.74 earnings per share. As a group, equities analysts anticipate that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 9th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.60%. The ex-dividend date is Monday, June 9th. Capital City Bank Group’s dividend payout ratio is 28.49%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st.

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.