Empowered Funds LLC Has $876,000 Stake in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Empowered Funds LLC grew its holdings in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,809 shares of the financial services provider’s stock after acquiring an additional 1,206 shares during the period. Empowered Funds LLC owned 0.15% of Capital City Bank Group worth $876,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in Capital City Bank Group by 1,482.3% in the third quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock valued at $148,000 after buying an additional 3,928 shares during the period. Inspire Investing LLC acquired a new stake in Capital City Bank Group in the third quarter worth $414,000. SG Americas Securities LLC bought a new stake in Capital City Bank Group in the third quarter valued at $184,000. Prospector Partners LLC raised its holdings in shares of Capital City Bank Group by 17.6% during the second quarter. Prospector Partners LLC now owns 32,685 shares of the financial services provider’s stock valued at $930,000 after purchasing an additional 4,900 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Capital City Bank Group by 4.0% during the 2nd quarter. Renaissance Technologies LLC now owns 206,871 shares of the financial services provider’s stock worth $5,883,000 after purchasing an additional 8,000 shares in the last quarter. 44.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Piper Sandler lowered shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $30.00 to $34.00 in a report on Monday, July 29th. StockNews.com raised Capital City Bank Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $35.80.

Insider Buying and Selling

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the transaction, the treasurer now owns 140,681 shares in the company, valued at $4,756,424.61. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 19.40% of the stock is currently owned by insiders.

Capital City Bank Group Stock Performance

CCBG stock opened at $39.12 on Friday. The business has a 50 day moving average of $35.79 and a 200-day moving average of $32.17. The firm has a market cap of $662.69 million, a PE ratio of 12.83 and a beta of 0.53. Capital City Bank Group, Inc. has a 12-month low of $25.45 and a 12-month high of $40.08. 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 (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%. The company had revenue of $68.84 million for the quarter, compared to the consensus estimate of $54.40 million.

Capital City Bank Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.23 per share. The ex-dividend date is Monday, December 9th. This represents a $0.92 annualized dividend and a dividend yield of 2.35%. Capital City Bank Group’s payout ratio is currently 30.16%.

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.