Capital City Bank Group $CCBG Holdings Raised by US Bancorp DE

US Bancorp DE grew its stake in shares of Capital City Bank Group (NASDAQ:CCBG) by 224.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,143 shares of the financial services provider’s stock after purchasing an additional 791 shares during the period. US Bancorp DE’s holdings in Capital City Bank Group were worth $41,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in Capital City Bank Group by 53.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 277 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Capital City Bank Group by 30.9% in the 4th quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 442 shares in the last quarter. GAMMA Investing LLC lifted its stake in Capital City Bank Group by 8,208.6% in the 1st quarter. GAMMA Investing LLC now owns 4,819 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 4,761 shares in the last quarter. Deutsche Bank AG lifted its stake in Capital City Bank Group by 17.8% in the 4th quarter. Deutsche Bank AG now owns 7,481 shares of the financial services provider’s stock worth $274,000 after acquiring an additional 1,133 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in Capital City Bank Group by 19.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 7,962 shares of the financial services provider’s stock worth $292,000 after acquiring an additional 1,313 shares in the last quarter. 44.59% of the stock is owned by hedge funds and other institutional investors.

Capital City Bank Group Stock Performance

Shares of CCBG stock opened at $40.46 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.82. Capital City Bank Group has a fifty-two week low of $31.75 and a fifty-two week high of $42.33. The stock’s 50-day moving average is $39.71 and its two-hundred day moving average is $37.59. The firm has a market cap of $690.65 million, a P/E ratio of 11.83 and a beta of 0.41.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.05. The company had revenue of $63.20 million for the quarter, compared to analyst estimates of $62.35 million. Capital City Bank Group had a return on equity of 11.56% and a net margin of 20.86%.During the same period in the prior year, the firm posted $0.83 EPS. Analysts predict that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 9th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.4%. Capital City Bank Group’s dividend payout ratio is currently 28.07%.

Wall Street Analysts Forecast Growth

CCBG has been the subject of several research analyst reports. Wall Street Zen downgraded Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods increased their price objective on Capital City Bank Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Capital City Bank Group presently has an average rating of “Buy” and an average price target of $45.00.

Capital City Bank Group 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.