Bailard Inc. Makes New Investment in Capital City Bank Group $CCBG

Bailard Inc. acquired a new stake in Capital City Bank Group (NASDAQ:CCBG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 17,600 shares of the financial services provider’s stock, valued at approximately $736,000. Bailard Inc. owned approximately 0.10% of Capital City Bank Group at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in shares of Capital City Bank Group in the third quarter valued at approximately $28,000. CWM LLC boosted its position in Capital City Bank Group by 140.7% in the 3rd quarter. CWM LLC now owns 2,270 shares of the financial services provider’s stock valued at $95,000 after buying an additional 1,327 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Capital City Bank Group in the 3rd quarter valued at $122,000. Raymond James Financial Inc. bought a new stake in shares of Capital City Bank Group during the second quarter worth $150,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Capital City Bank Group by 1,282.5% during the second quarter. Tower Research Capital LLC TRC now owns 4,106 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 3,809 shares during the period. 44.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CCBG shares. Zacks Research upgraded Capital City Bank Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat.com, Capital City Bank Group presently has a consensus rating of “Buy” and a consensus price target of $45.00.

Capital City Bank Group Price Performance

Shares of CCBG opened at $44.31 on Friday. The stock has a market cap of $756.37 million, a P/E ratio of 12.41 and a beta of 0.36. Capital City Bank Group has a 1 year low of $32.38 and a 1 year high of $46.83. The stock’s 50-day moving average price is $42.97 and its two-hundred day moving average price is $41.94. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.08.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. Capital City Bank Group had a net margin of 21.50% and a return on equity of 11.75%. The business had revenue of $65.89 million for the quarter, compared to the consensus estimate of $64.30 million. During the same period last year, the company posted $0.78 EPS. On average, equities analysts predict that Capital City Bank Group will post 3.06 earnings per share for the current year.

Capital City Bank Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, December 1st. Capital City Bank Group’s payout ratio is 29.13%.

About Capital City Bank Group

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.