Teton Advisors Inc. Sells 2,000 Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG)

Teton Advisors Inc. lessened its holdings in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 2.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 75,500 shares of the financial services provider’s stock after selling 2,000 shares during the period. Capital City Bank Group accounts for about 1.4% of Teton Advisors Inc.’s portfolio, making the stock its 18th largest position. Teton Advisors Inc.’s holdings in Capital City Bank Group were worth $2,767,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CCBG. JPMorgan Chase & Co. grew its holdings in 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 acquiring an additional 38,876 shares during the last quarter. FMR LLC raised its stake in shares of Capital City Bank Group by 48.5% in the third quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 2,164 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Capital City Bank Group by 15.4% during the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 645 shares in the last quarter. Barclays PLC grew its stake in shares of 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 valued at $1,883,000 after purchasing an additional 17,022 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Capital City Bank Group by 1.8% in the third quarter. State Street Corp now owns 341,426 shares of the financial services provider’s stock valued at $12,049,000 after purchasing an additional 5,980 shares in the last quarter. 44.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CCBG shares. Keefe, Bruyette & Woods upped their price objective on Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. StockNews.com lowered Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Friday, March 7th.

Capital City Bank Group Trading Down 0.4 %

Shares of NASDAQ CCBG opened at $33.01 on Tuesday. The company’s 50 day simple moving average is $35.84 and its 200 day simple moving average is $36.40. 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, Inc. has a fifty-two week low of $25.45 and a fifty-two week high of $40.86. The firm has a market capitalization of $562.95 million, a P/E ratio of 10.58 and a beta of 0.37.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. On average, analysts predict 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 announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.24 per share. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Monday, March 10th. Capital City Bank Group’s payout ratio is presently 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.