Geode Capital Management LLC Raises Holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Geode Capital Management LLC raised its holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 2.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 320,479 shares of the financial services provider’s stock after purchasing an additional 7,773 shares during the quarter. Geode Capital Management LLC’s holdings in Capital City Bank Group were worth $11,312,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CCBG. American Century Companies Inc. increased its position in shares of Capital City Bank Group by 40.9% during the 2nd quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider’s stock worth $3,201,000 after purchasing an additional 32,671 shares during the last quarter. FMR LLC boosted its stake in Capital City Bank Group by 48.5% during the third quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock worth $234,000 after buying an additional 2,164 shares during the period. Barclays PLC boosted its stake in Capital City Bank Group by 46.8% during the third quarter. Barclays PLC now owns 53,402 shares of the financial services provider’s stock worth $1,883,000 after buying an additional 17,022 shares during the period. State Street Corp increased its position in shares of Capital City Bank Group by 1.8% during the third quarter. State Street Corp now owns 341,426 shares of the financial services provider’s stock valued at $12,049,000 after acquiring an additional 5,980 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of Capital City Bank Group in the 3rd quarter valued at approximately $5,673,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

Capital City Bank Group Stock Performance

Shares of CCBG stock opened at $36.65 on Wednesday. The firm has a 50 day moving average of $37.75 and a two-hundred day moving average of $34.33. The stock has a market capitalization of $621.00 million, a PE ratio of 12.02 and a beta of 0.56. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. Capital City Bank Group, Inc. has a 52 week low of $25.45 and a 52 week high of $40.86.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $54.40 million. On average, research analysts predict that Capital City Bank Group, Inc. will post 3.05 EPS for the current fiscal year.

Capital City Bank Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.51%. Capital City Bank Group’s payout ratio is 30.16%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. 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 lowered Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 25th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $36.80.

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.