Jane Street Group LLC Sells 9,008 Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG)

Jane Street Group LLC cut its position in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 55.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,131 shares of the financial services provider’s stock after selling 9,008 shares during the quarter. Jane Street Group LLC’s holdings in Capital City Bank Group were worth $252,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CCBG. Bank of New York Mellon Corp grew its holdings in shares of Capital City Bank Group by 9.9% during the second quarter. Bank of New York Mellon Corp now owns 65,048 shares of the financial services provider’s stock worth $1,850,000 after buying an additional 5,878 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Capital City Bank Group by 6.5% during the second quarter. Rhumbline Advisers now owns 21,602 shares of the financial services provider’s stock worth $614,000 after buying an additional 1,316 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Capital City Bank Group by 20.6% during the second quarter. Los Angeles Capital Management LLC now owns 12,913 shares of the financial services provider’s stock worth $367,000 after buying an additional 2,203 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Capital City Bank Group by 40.9% during the second quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider’s stock worth $3,201,000 after buying an additional 32,671 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Capital City Bank Group by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 867,642 shares of the financial services provider’s stock worth $24,675,000 after buying an additional 4,606 shares in the last quarter. 44.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on CCBG shares. StockNews.com raised Capital City Bank Group from a “hold” rating to a “buy” rating in a research report on Monday, January 6th. Keefe, Bruyette & Woods increased their price target on Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Capital City Bank Group has an average rating of “Moderate Buy” and an average target price of $37.88.

Capital City Bank Group Stock Performance

Shares of NASDAQ CCBG opened at $33.74 on Friday. The stock has a 50 day moving average price of $37.78 and a 200 day moving average price of $34.74. Capital City Bank Group, Inc. has a 52 week low of $25.45 and a 52 week high of $40.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The stock has a market capitalization of $571.69 million, a PE ratio of 11.06 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. The company 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a $0.23 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.73%. Capital City Bank Group’s payout ratio is 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.