UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $383,000 Holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 22.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,839 shares of the financial services provider’s stock after selling 3,076 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Capital City Bank Group were worth $383,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. American Century Companies Inc. raised its stake in Capital City Bank Group by 40.9% in the 2nd quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider’s stock valued at $3,201,000 after acquiring an additional 32,671 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Capital City Bank Group by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 65,048 shares of the financial services provider’s stock valued at $1,850,000 after purchasing an additional 5,878 shares during the last quarter. Panagora Asset Management Inc. raised its position in shares of Capital City Bank Group by 2.8% in the second quarter. Panagora Asset Management Inc. now owns 78,097 shares of the financial services provider’s stock valued at $2,221,000 after purchasing an additional 2,093 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Capital City Bank Group by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 867,642 shares of the financial services provider’s stock worth $24,675,000 after buying an additional 4,606 shares during the last quarter. Finally, Prospector Partners LLC boosted its holdings in shares of Capital City Bank Group by 17.6% during the 2nd quarter. Prospector Partners LLC now owns 32,685 shares of the financial services provider’s stock worth $930,000 after buying an additional 4,900 shares during the period. 44.59% of the stock is currently owned by institutional investors.

Capital City Bank Group Price Performance

NASDAQ:CCBG opened at $36.84 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market cap of $624.22 million, a price-to-earnings ratio of 12.08 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 firm’s 50-day simple moving average is $37.55 and its 200 day simple moving average is $33.81.

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

Capital City Bank Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Monday, December 9th. Capital City Bank Group’s dividend payout ratio (DPR) is currently 30.16%.

Wall Street Analyst Weigh In

CCBG has been the topic of several research analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. StockNews.com raised Capital City Bank Group from a “hold” rating to a “buy” rating in a research report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Capital City Bank Group has an average rating of “Moderate Buy” and an average target price of $36.80.

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.