Wellington Management Group LLP Makes New Investment in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Wellington Management Group LLP acquired a new stake in shares of Capital City Bank Group, Inc. (NASDAQ:CCBGFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 160,740 shares of the financial services provider’s stock, valued at approximately $5,673,000. Wellington Management Group LLP owned approximately 0.95% of Capital City Bank Group at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Isthmus Partners LLC lifted its stake in Capital City Bank Group by 1.3% in the second quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock valued at $31,000 after buying an additional 1,346 shares in the last quarter. Blue Trust Inc. lifted its position in Capital City Bank Group by 1,482.3% in the 3rd quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 3,928 shares in the last quarter. SG Americas Securities LLC bought a new stake in Capital City Bank Group in the 3rd quarter valued at $184,000. Princeton Capital Management LLC bought a new position in Capital City Bank Group during the 2nd quarter worth about $204,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Capital City Bank Group in the 2nd quarter valued at about $211,000. 44.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their price objective on 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 cut shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Monday, December 2nd. 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.com, the stock currently has a consensus rating of “Hold” and an average target price of $36.80.

Get Our Latest Analysis on Capital City Bank Group

Capital City Bank Group Stock Performance

Shares of NASDAQ CCBG opened at $39.40 on Tuesday. The stock has a market capitalization of $667.59 million, a PE ratio of 12.92 and a beta of 0.56. Capital City Bank Group, Inc. has a 52 week low of $25.45 and a 52 week high of $40.86. The stock has a 50 day moving average price of $37.29 and a 200 day moving average price of $33.57. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84.

Capital City Bank Group (NASDAQ:CCBGGet Free Report) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $68.84 million during the quarter, compared to analysts’ expectations of $54.40 million. Analysts predict that Capital City Bank Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The company also recently disclosed 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 of this dividend is Monday, December 9th. This represents a $0.92 annualized dividend and a dividend yield of 2.34%. Capital City Bank Group’s dividend payout ratio is presently 30.16%.

About Capital City Bank Group

(Free Report)

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.

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

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