Vanguard Group Inc. Grows Position in Capital City Bank Group $CCBG

Vanguard Group Inc. increased its position in Capital City Bank Group (NASDAQ:CCBG) by 1.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 759,811 shares of the financial services provider’s stock after purchasing an additional 11,624 shares during the quarter. Vanguard Group Inc. owned approximately 4.46% of Capital City Bank Group worth $27,323,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCBG. Tower Research Capital LLC TRC boosted its holdings in 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 worth $29,000 after purchasing an additional 277 shares during the last quarter. US Bancorp DE lifted its holdings in Capital City Bank Group by 224.7% during the first quarter. US Bancorp DE now owns 1,143 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 791 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Capital City Bank Group by 30.9% during the fourth 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. GAMMA Investing LLC grew its holdings 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 buying an additional 4,761 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings 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 buying an additional 1,133 shares in the last quarter. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Price Performance

CCBG stock opened at $43.74 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.82. The business has a 50 day simple moving average of $40.35 and a 200-day simple moving average of $37.79. The firm has a market capitalization of $746.64 million, a PE ratio of 12.79 and a beta of 0.41. Capital City Bank Group has a 1 year low of $32.38 and a 1 year high of $43.74.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $62.35 million. During the same quarter in the previous year, the company earned $0.83 EPS. Equities research analysts anticipate that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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