Princeton Capital Management LLC Has $271,000 Stake in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Princeton Capital Management LLC increased its stake in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 7.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,683 shares of the financial services provider’s stock after purchasing an additional 500 shares during the quarter. Princeton Capital Management LLC’s holdings in Capital City Bank Group were worth $271,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets boosted its position in Capital City Bank Group by 23.5% in the 1st quarter. BNP Paribas Financial Markets now owns 18,518 shares of the financial services provider’s stock valued at $513,000 after buying an additional 3,519 shares during the last quarter. Russell Investments Group Ltd. increased its position in Capital City Bank Group by 9.1% in the first quarter. Russell Investments Group Ltd. now owns 95,391 shares of the financial services provider’s stock worth $2,642,000 after purchasing an additional 7,937 shares during the period. State Board of Administration of Florida Retirement System bought a new stake in Capital City Bank Group during the 1st quarter worth about $585,000. Acadian Asset Management LLC lifted its position in Capital City Bank Group by 7.4% during the 1st quarter. Acadian Asset Management LLC now owns 163,375 shares of the financial services provider’s stock valued at $4,524,000 after purchasing an additional 11,269 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in shares of Capital City Bank Group by 22.3% in the 1st quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 662 shares during the last quarter. Institutional investors and hedge funds own 44.59% of the company’s stock.

Insider Buying and Selling at Capital City Bank Group

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total value of $101,430.00. Following the transaction, the treasurer now directly owns 140,681 shares of the company’s stock, valued at $4,756,424.61. This represents a 2.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 19.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on CCBG shares. Piper Sandler lowered shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $30.00 to $34.00 in a report on Monday, July 29th. Keefe, Bruyette & Woods increased their target price on Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Hovde Group boosted their target price on Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 24th. Finally, StockNews.com upgraded shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.80.

Capital City Bank Group Price Performance

Shares of NASDAQ CCBG opened at $37.93 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The firm has a market cap of $642.53 million, a PE ratio of 12.44 and a beta of 0.53. Capital City Bank Group, Inc. has a 1-year low of $25.45 and a 1-year high of $40.08. The company has a fifty day moving average price of $35.41 and a 200 day moving average price of $31.93.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The business had revenue of $68.84 million during the quarter, compared to the consensus estimate of $54.40 million. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%.

Capital City Bank Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.43%. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, September 9th. Capital City Bank Group’s dividend payout ratio (DPR) is presently 30.16%.

Capital City Bank Group Company 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.