Teacher Retirement System of Texas Decreases Position in Capital City Bank Group (NASDAQ:CCBG)

Teacher Retirement System of Texas cut its position in Capital City Bank Group (NASDAQ:CCBG) by 21.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,990 shares of the financial services provider’s stock after selling 3,280 shares during the period. Teacher Retirement System of Texas owned approximately 0.07% of Capital City Bank Group worth $431,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Axecap Investments LLC purchased a new stake in shares of Capital City Bank Group in the first quarter worth $883,000. Murphy Middleton Hinkle & Parker Inc. raised its stake in shares of Capital City Bank Group by 38.6% in the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 160,191 shares of the financial services provider’s stock valued at $5,760,000 after acquiring an additional 44,572 shares during the period. GAMMA Investing LLC raised its stake in shares of Capital City Bank Group by 8,208.6% in the first quarter. GAMMA Investing LLC now owns 4,819 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 4,761 shares during the period. Wellington Management Group LLP raised its stake in shares of 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 valued at $8,457,000 after acquiring an additional 70,004 shares during the period. Finally, Lazard Asset Management LLC raised its stake in shares of Capital City Bank Group by 30.9% in the fourth quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 442 shares during the period. 44.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, 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.

Capital City Bank Group Stock Up 1.2%

CCBG stock opened at $41.59 on Friday. Capital City Bank Group has a 52 week low of $30.99 and a 52 week high of $42.00. 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 stock has a market capitalization of $709.53 million, a PE ratio of 12.34 and a beta of 0.36. The firm has a 50 day moving average of $38.68 and a 200 day moving average of $36.91.

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 for the quarter, beating the consensus estimate of $0.75 by $0.24. The firm had revenue of $61.45 million during the quarter, compared to analyst estimates 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 earned $0.74 EPS. Sell-side analysts forecast that Capital City Bank Group will post 3.06 earnings per share for the current year.

Capital City Bank Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.96 dividend on an annualized basis and a yield of 2.31%. Capital City Bank Group’s dividend payout ratio is currently 28.49%.

About Capital City Bank Group

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.