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

Los Angeles Capital Management LLC decreased its stake in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 10.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,513 shares of the financial services provider’s stock after selling 1,400 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.07% of Capital City Bank Group worth $406,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC grew its position in shares of Capital City Bank Group by 22.3% in the first 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 period. Blue Trust Inc. boosted its position in Capital City Bank Group by 1,482.3% during the third quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock worth $148,000 after acquiring an additional 3,928 shares during the last quarter. SG Americas Securities LLC acquired a new position in Capital City Bank Group during the third quarter worth about $184,000. Princeton Capital Management LLC acquired a new position in Capital City Bank Group during the second quarter worth about $204,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Capital City Bank Group during the second quarter worth about $211,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

Insider Buying and Selling

In related news, Treasurer Thomas A. Barron sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 19.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Piper Sandler downgraded 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 research note on Monday, July 29th. StockNews.com raised shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Hovde Group lifted their target price on shares of Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.80.

Capital City Bank Group Price Performance

Capital City Bank Group stock opened at $38.34 on Monday. The company’s 50 day simple moving average is $35.32 and its 200-day simple moving average is $31.85. The company has a market capitalization of $649.48 million, a price-to-earnings ratio of 12.57 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 debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The business had revenue of $68.84 million for 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 announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were paid a dividend of $0.23 per share. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Monday, September 9th. Capital City Bank Group’s dividend payout ratio is presently 30.16%.

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.