Capital City Bank Group, Inc. (NASDAQ:CCBG) Position Increased by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 43.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 230,744 shares of the financial services provider’s stock after purchasing an additional 70,004 shares during the period. Wellington Management Group LLP’s holdings in Capital City Bank Group were worth $8,457,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CCBG. American Century Companies Inc. raised its stake in Capital City Bank Group by 33.2% during the fourth quarter. American Century Companies Inc. now owns 216,683 shares of the financial services provider’s stock worth $7,941,000 after acquiring an additional 54,059 shares during the period. JPMorgan Chase & Co. raised its position in shares of Capital City Bank Group by 80.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 87,396 shares of the financial services provider’s stock worth $3,084,000 after purchasing an additional 38,876 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Capital City Bank Group by 42.7% in the 4th quarter. Bank of New York Mellon Corp now owns 77,207 shares of the financial services provider’s stock worth $2,830,000 after purchasing an additional 23,113 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Capital City Bank Group during the 4th quarter valued at approximately $647,000. Finally, Barclays PLC grew its stake in Capital City Bank Group by 46.8% during the 3rd 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 last quarter. 44.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on CCBG. Keefe, Bruyette & Woods raised their target price on Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. StockNews.com downgraded shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Friday, March 7th.

Capital City Bank Group Stock Down 4.4 %

Shares of Capital City Bank Group stock opened at $33.34 on Friday. Capital City Bank Group, Inc. has a 1-year low of $25.45 and a 1-year high of $40.86. The company has a market capitalization of $568.58 million, a P/E ratio of 10.69 and a beta of 0.37. The business’s fifty day moving average price is $36.04 and its two-hundred day moving average price is $36.41. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.07. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. As a group, research analysts forecast that Capital City Bank Group, Inc. will post 3.06 EPS for the current year.

Capital City Bank Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.24 dividend. The ex-dividend date was Monday, March 10th. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 2.88%. Capital City Bank Group’s dividend payout ratio (DPR) is 30.77%.

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.