Capital City Bank Group, Inc. (NASDAQ:CCBG) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its position in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,013 shares of the financial services provider’s stock after selling 1,500 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Capital City Bank Group were worth $367,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCBG. Bank of New York Mellon Corp boosted its holdings in shares of Capital City Bank Group by 42.7% during the fourth quarter. Bank of New York Mellon Corp now owns 77,207 shares of the financial services provider’s stock worth $2,830,000 after purchasing an additional 23,113 shares during the last quarter. Empowered Funds LLC increased its stake in Capital City Bank Group by 4.7% in the fourth 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. lifted its position in Capital City Bank Group by 15.4% during the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock worth $171,000 after buying an additional 645 shares during the period. SG Americas Securities LLC boosted its stake in Capital City Bank Group by 72.2% in the 4th quarter. SG Americas Securities LLC now owns 8,997 shares of the financial services provider’s stock worth $330,000 after buying an additional 3,772 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Capital City Bank Group by 80.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 87,396 shares of the financial services provider’s stock valued at $3,084,000 after buying an additional 38,876 shares during the period. 44.59% of the stock is owned by hedge funds and other institutional investors.

Capital City Bank Group Stock Performance

Shares of NASDAQ:CCBG opened at $36.61 on Tuesday. The business has a 50-day moving average of $36.44 and a two-hundred day moving average of $36.16. The firm has a market capitalization of $620.32 million, a PE ratio of 11.73 and a beta of 0.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. Capital City Bank Group, Inc. has a 12 month low of $25.45 and a 12 month high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, research analysts forecast that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current year.

Capital City Bank Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.23. Capital City Bank Group’s dividend payout ratio (DPR) is currently 30.77%.

Wall Street Analysts Forecast Growth

CCBG has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. 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.

About Capital City Bank Group

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.