Capital City Bank Group (CCBG) Holdings Boosted by BlackRock Inc.

BlackRock Inc. boosted its holdings in shares of Capital City Bank Group (NASDAQ:CCBG) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 903,301 shares of the financial services provider’s stock after purchasing an additional 7,036 shares during the quarter. BlackRock Inc. owned approximately 5.32% of Capital City Bank Group worth $20,722,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Murphy Middleton Hinkle & Parker Inc. purchased a new position in Capital City Bank Group during the fourth quarter worth approximately $921,000. Wells Fargo & Company MN boosted its position in Capital City Bank Group by 16.5% during the fourth quarter. Wells Fargo & Company MN now owns 32,346 shares of the financial services provider’s stock worth $742,000 after purchasing an additional 4,577 shares in the last quarter. First Trust Advisors LP purchased a new position in Capital City Bank Group during the fourth quarter worth approximately $469,000. Boston Partners boosted its position in Capital City Bank Group by 22.8% during the fourth quarter. Boston Partners now owns 158,600 shares of the financial services provider’s stock worth $3,638,000 after purchasing an additional 29,400 shares in the last quarter. Finally, Chicago Equity Partners LLC boosted its position in Capital City Bank Group by 72.7% during the fourth quarter. Chicago Equity Partners LLC now owns 21,109 shares of the financial services provider’s stock worth $484,000 after purchasing an additional 8,889 shares in the last quarter. Institutional investors own 33.70% of the company’s stock.

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NASDAQ:CCBG opened at $25.02 on Tuesday. Capital City Bank Group has a one year low of $17.68 and a one year high of $26.50. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $420.86, a P/E ratio of 28.43 and a beta of 0.67.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.24 EPS for the quarter. Capital City Bank Group had a return on equity of 5.28% and a net margin of 7.83%. The firm had revenue of $34.39 million during the quarter. equities research analysts anticipate that Capital City Bank Group will post 1.41 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Monday, March 5th were issued a $0.07 dividend. The ex-dividend date was Friday, March 2nd. This represents a $0.28 annualized dividend and a dividend yield of 1.12%. Capital City Bank Group’s dividend payout ratio is presently 31.82%.

A number of brokerages have commented on CCBG. BidaskClub raised Capital City Bank Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. Sandler O’Neill set a $26.00 target price on Capital City Bank Group and gave the company a “hold” rating in a report on Wednesday, March 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $27.00 target price on shares of Capital City Bank Group in a report on Wednesday, January 24th. Zacks Investment Research cut Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 27th. Finally, Hovde Group raised Capital City Bank Group from a “market perform” rating to an “outperform” rating and set a $26.50 target price for the company in a report on Wednesday, January 24th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $26.63.

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Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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.

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Institutional Ownership by Quarter for Capital City Bank Group (NASDAQ:CCBG)

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