American Century Companies Inc. Increases Stock Position in Capital City Bank Group $CCBG

American Century Companies Inc. increased its position in Capital City Bank Group (NASDAQ:CCBG) by 19.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 257,804 shares of the financial services provider’s stock after purchasing an additional 41,121 shares during the quarter. American Century Companies Inc. owned 1.51% of Capital City Bank Group worth $9,271,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of Capital City Bank Group by 53.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 277 shares during the period. US Bancorp DE boosted its stake in Capital City Bank Group by 224.7% during the 1st quarter. US Bancorp DE now owns 1,143 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 791 shares during the last quarter. Lazard Asset Management LLC boosted its stake in 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 acquiring an additional 442 shares during the last quarter. GAMMA Investing LLC boosted its stake in 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 acquiring an additional 4,761 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Capital City Bank Group by 17.8% during the 4th quarter. Deutsche Bank AG now owns 7,481 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 1,133 shares during the last quarter. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

Capital City Bank Group Trading Up 1.9%

Capital City Bank Group stock opened at $43.39 on Wednesday. The firm’s 50-day moving average is $40.21 and its 200-day moving average is $37.75. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.83. Capital City Bank Group has a 1 year low of $32.38 and a 1 year high of $43.48. The company has a market cap of $740.54 million, a P/E ratio of 12.69 and a beta of 0.41.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share (EPS) 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 company had revenue of $63.20 million for the quarter, compared to the consensus estimate of $62.35 million. During the same period last year, the firm posted $0.83 EPS. On average, equities analysts expect that Capital City Bank Group will post 3.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on CCBG. Keefe, Bruyette & Woods increased their price objective on shares of Capital City Bank Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. 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. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Capital City Bank Group has a consensus rating of “Buy” and an average price target of $45.00.

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.