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

American Century Companies Inc. increased its stake in shares of Capital City Bank Group (NASDAQ:CCBG) by 13.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 293,407 shares of the financial services provider’s stock after purchasing an additional 35,603 shares during the quarter. American Century Companies Inc. owned 1.72% of Capital City Bank Group worth $11,546,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Capital City Bank Group by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 759,811 shares of the financial services provider’s stock worth $27,323,000 after buying an additional 11,624 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Capital City Bank Group by 1.6% during the second quarter. Geode Capital Management LLC now owns 333,319 shares of the financial services provider’s stock worth $13,118,000 after acquiring an additional 5,186 shares during the period. Wellington Management Group LLP raised its holdings in Capital City Bank Group by 10.5% during the first quarter. Wellington Management Group LLP now owns 255,057 shares of the financial services provider’s stock worth $9,172,000 after purchasing an additional 24,313 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Capital City Bank Group by 5.7% during the first quarter. Russell Investments Group Ltd. now owns 100,171 shares of the financial services provider’s stock worth $3,602,000 after purchasing an additional 5,382 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in Capital City Bank Group by 7.8% in the second quarter. Inspire Investing LLC now owns 33,117 shares of the financial services provider’s stock valued at $1,303,000 after purchasing an additional 2,393 shares during the period. 44.59% of the stock is owned by institutional investors and hedge funds.

Capital City Bank Group Stock Down 0.8%

Capital City Bank Group stock opened at $42.54 on Friday. Capital City Bank Group has a fifty-two week low of $32.38 and a fifty-two week high of $44.69. The firm has a market capitalization of $726.16 million, a price-to-earnings ratio of 11.92 and a beta of 0.37. The stock’s fifty day moving average is $41.05 and its two-hundred day moving average is $40.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.83 and a current ratio of 0.83.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Friday, August 4th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter. The business had revenue of $60.10 million during the quarter. Capital City Bank Group had a return on equity of 11.75% and a net margin of 21.50%. Analysts predict that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, December 1st. Capital City Bank Group’s dividend payout ratio is 29.13%.

Analyst Upgrades and Downgrades

CCBG has been the topic of several recent analyst reports. Zacks Research cut Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Capital City Bank Group in a research note on Friday, November 28th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.