Invesco Ltd. Sells 3,330 Shares of Capital City Bank Group $CCBG

Invesco Ltd. trimmed its position in Capital City Bank Group (NASDAQ:CCBG) by 12.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 23,919 shares of the financial services provider’s stock after selling 3,330 shares during the period. Invesco Ltd. owned about 0.14% of Capital City Bank Group worth $860,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Capital City Bank Group by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 759,811 shares of the financial services provider’s stock valued at $27,323,000 after buying an additional 11,624 shares during the last quarter. US Bancorp DE boosted its position in Capital City Bank Group by 224.7% in the 1st quarter. US Bancorp DE now owns 1,143 shares of the financial services provider’s stock valued at $41,000 after buying an additional 791 shares during the last quarter. KLP Kapitalforvaltning AS boosted its position in Capital City Bank Group by 72.4% in 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 last quarter. Isthmus Partners LLC boosted its position in Capital City Bank Group by 0.7% in the 1st quarter. Isthmus Partners LLC now owns 85,761 shares of the financial services provider’s stock valued at $3,084,000 after buying an additional 616 shares during the last quarter. Finally, Axecap Investments LLC bought a new position in Capital City Bank Group in the 1st quarter valued at $883,000. 44.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price target on Capital City Bank Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Wall Street Zen lowered Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $45.00.

Capital City Bank Group Stock Performance

Shares of Capital City Bank Group stock opened at $43.14 on Thursday. The company has a market capitalization of $736.40 million, a PE ratio of 12.61 and a beta of 0.39. Capital City Bank Group has a 12 month low of $32.38 and a 12 month high of $44.04. 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 stock’s fifty day simple moving average is $40.94 and its 200 day simple moving average is $38.00.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.83 by $0.05. The business had revenue of $63.20 million for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $0.83 EPS. On average, research analysts predict that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Monday, September 8th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, September 8th. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.24. Capital City Bank Group’s dividend payout ratio (DPR) is 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.