Capital City Trust Co. FL Sells 12,661 Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG)

Capital City Trust Co. FL trimmed its holdings in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 8.4% during the 4th quarter, Holdings Channel reports. The fund owned 138,019 shares of the financial services provider’s stock after selling 12,661 shares during the period. Capital City Bank Group comprises about 1.3% of Capital City Trust Co. FL’s portfolio, making the stock its 24th largest position. Capital City Trust Co. FL’s holdings in Capital City Bank Group were worth $5,058,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCBG. Empowered Funds LLC raised its position in shares of Capital City Bank Group by 4.7% in the 4th quarter. Empowered Funds LLC now owns 25,964 shares of the financial services provider’s stock valued at $952,000 after purchasing an additional 1,155 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Capital City Bank Group by 15.4% during the 4th quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 645 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Capital City Bank Group by 72.2% during the 4th quarter. SG Americas Securities LLC now owns 8,997 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 3,772 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Capital City Bank Group by 80.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 87,396 shares of the financial services provider’s stock valued at $3,084,000 after purchasing an additional 38,876 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Capital City Bank Group during the 3rd quarter valued at approximately $35,000. 44.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CCBG shares. StockNews.com raised shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 1st. Keefe, Bruyette & Woods lifted their target price on shares of Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st.

Capital City Bank Group Stock Down 2.6 %

NASDAQ CCBG opened at $35.49 on Friday. The firm has a market cap of $601.20 million, a PE ratio of 11.38 and a beta of 0.56. Capital City Bank Group, Inc. has a 52 week low of $25.45 and a 52 week high of $40.86. The business’s fifty day simple moving average is $36.64 and its 200-day simple moving average is $35.88. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. As a group, equities analysts anticipate that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current year.

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.