Connor Clark & Lunn Investment Management Ltd. Has $242,000 Position in Capital City Bank Group $CCBG

Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of Capital City Bank Group (NASDAQ:CCBG) by 19.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,740 shares of the financial services provider’s stock after selling 1,657 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Capital City Bank Group were worth $242,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Capital City Bank Group by 8,208.6% during the 1st quarter. GAMMA Investing LLC now owns 4,819 shares of the financial services provider’s stock valued at $173,000 after buying an additional 4,761 shares during the period. KLP Kapitalforvaltning AS boosted its stake in shares of Capital City Bank Group by 72.4% during the 1st quarter. KLP Kapitalforvaltning AS now owns 16,900 shares of the financial services provider’s stock valued at $608,000 after buying an additional 7,100 shares during the period. Mariner LLC boosted its stake in shares of Capital City Bank Group by 4.7% during the 4th quarter. Mariner LLC now owns 9,849 shares of the financial services provider’s stock valued at $361,000 after buying an additional 443 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Capital City Bank Group by 30.9% during the 4th quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 442 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Capital City Bank Group by 14.8% during the 4th quarter. Bank of America Corp DE now owns 25,311 shares of the financial services provider’s stock valued at $928,000 after purchasing an additional 3,257 shares in the last quarter. Institutional investors and hedge funds own 44.59% of the company’s stock.

Wall Street Analysts Forecast Growth

CCBG has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. Keefe, Bruyette & Woods raised their price target on shares of Capital City Bank Group from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Capital City Bank Group has an average rating of “Buy” and a consensus price target of $45.00.

Capital City Bank Group Stock Performance

NASDAQ:CCBG opened at $40.73 on Thursday. The firm has a market capitalization of $695.14 million, a PE ratio of 11.91 and a beta of 0.41. Capital City Bank Group has a 1 year low of $31.75 and a 1 year high of $42.33. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. The firm’s fifty day simple moving average is $39.77 and its 200 day simple moving average is $37.62.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.05. Capital City Bank Group had a net margin of 20.86% and a return on equity of 11.56%. The firm had revenue of $63.20 million during the quarter, compared to analyst estimates of $62.35 million. During the same quarter in the previous year, the business earned $0.83 EPS. On average, sell-side analysts anticipate that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were paid a dividend of $0.24 per share. The ex-dividend date was Monday, June 9th. This represents a $0.96 annualized dividend and a yield of 2.4%. Capital City Bank Group’s dividend payout ratio is presently 28.07%.

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.