Murphy Middleton Hinkle & Parker Inc. Decreases Stock Holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Murphy Middleton Hinkle & Parker Inc. cut its holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 115,619 shares of the financial services provider’s stock after selling 1,597 shares during the quarter. Capital City Bank Group accounts for approximately 2.4% of Murphy Middleton Hinkle & Parker Inc.’s investment portfolio, making the stock its 11th largest position. Murphy Middleton Hinkle & Parker Inc.’s holdings in Capital City Bank Group were worth $4,237,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CCBG. Wilmington Savings Fund Society FSB bought a new position in Capital City Bank Group during the third quarter valued at $35,000. Blue Trust Inc. raised its position in shares of Capital City Bank Group by 1,482.3% during the 3rd quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock valued at $148,000 after buying an additional 3,928 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Capital City Bank Group in the 3rd quarter valued at about $184,000. FMR LLC grew its position in Capital City Bank Group by 48.5% in the third quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 2,164 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in Capital City Bank Group in the third quarter worth about $235,000. Institutional investors own 44.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CCBG. Keefe, Bruyette & Woods upped their price objective on Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded Capital City Bank Group from a “hold” rating to a “buy” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Capital City Bank Group has a consensus rating of “Moderate Buy” and an average price target of $37.88.

Capital City Bank Group Stock Performance

Capital City Bank Group stock opened at $36.00 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The firm has a market capitalization of $609.84 million, a P/E ratio of 11.80 and a beta of 0.56. Capital City Bank Group, Inc. has a 1-year low of $25.45 and a 1-year high of $40.86. The company’s 50-day moving average is $37.60 and its 200 day moving average is $35.01.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. The firm had revenue of $68.84 million for the quarter, compared to the consensus estimate of $54.40 million. Research analysts forecast that Capital City Bank Group, Inc. will post 3.05 EPS for the current year.

Capital City Bank Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Monday, December 9th. Capital City Bank Group’s dividend payout ratio is currently 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.