State Street Corp Has $12.05 Million Position in Capital City Bank Group, Inc. (NASDAQ:CCBG)

State Street Corp increased its holdings in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 341,426 shares of the financial services provider’s stock after buying an additional 5,980 shares during the period. State Street Corp’s holdings in Capital City Bank Group were worth $12,049,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Princeton Capital Management LLC raised its stake in shares of Capital City Bank Group by 7.0% during the third quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider’s stock valued at $271,000 after acquiring an additional 500 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Capital City Bank Group by 5.1% in the third quarter. Empowered Funds LLC now owns 24,809 shares of the financial services provider’s stock valued at $876,000 after buying an additional 1,206 shares during the period. Rhumbline Advisers raised its position in shares of Capital City Bank Group by 6.5% during the second quarter. Rhumbline Advisers now owns 21,602 shares of the financial services provider’s stock worth $614,000 after acquiring an additional 1,316 shares during the last quarter. Isthmus Partners LLC lifted its stake in shares of Capital City Bank Group by 1.3% in the second quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,346 shares during the period. Finally, Panagora Asset Management Inc. boosted its holdings in 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 acquiring an additional 2,093 shares during the last quarter. 44.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CCBG has been the subject of several recent analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Capital City Bank Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. StockNews.com downgraded Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Capital City Bank Group presently has an average rating of “Hold” and a consensus price target of $36.80.

Capital City Bank Group Stock Up 0.8 %

CCBG stock opened at $36.88 on Thursday. The stock’s 50 day simple moving average is $37.62 and its 200 day simple moving average is $33.99. The company has a market cap of $624.89 million, a P/E ratio of 12.09 and a beta of 0.56. 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, Inc. has a fifty-two week low of $25.45 and a fifty-two week high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 11.29% and a net margin of 19.42%. On average, research analysts expect that Capital City Bank Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a dividend of $0.23 per share. The ex-dividend date was Monday, December 9th. This represents a $0.92 annualized dividend and a dividend yield of 2.49%. Capital City Bank Group’s payout ratio is 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.