Capital City Bank Group, Inc. (NASDAQ:CCBG) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 42.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 77,207 shares of the financial services provider’s stock after acquiring an additional 23,113 shares during the period. Bank of New York Mellon Corp’s holdings in Capital City Bank Group were worth $2,830,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CCBG. Wilmington Savings Fund Society FSB acquired a new stake in Capital City Bank Group during the third quarter worth approximately $35,000. Blue Trust Inc. lifted its holdings in shares of Capital City Bank Group by 15.4% during the 4th quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 645 shares in the last quarter. FMR LLC raised its holdings in shares of Capital City Bank Group by 48.5% during the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock valued at $234,000 after buying an additional 2,164 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Capital City Bank Group during the 3rd quarter valued at $235,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Capital City Bank Group during the 3rd quarter valued at approximately $323,000. 44.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CCBG shares. Keefe, Bruyette & Woods increased their target price 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 Price Performance

CCBG opened at $36.96 on Friday. The stock has a fifty day moving average of $36.38 and a 200-day moving average of $36.33. The firm has a market capitalization of $630.32 million, a P/E ratio of 11.85 and a beta of 0.54. 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, Inc. has a 12-month low of $25.45 and a 12-month high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results 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 return on equity of 11.45% and a net margin of 19.55%. Equities analysts forecast that Capital City Bank Group, Inc. will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.60%. The ex-dividend date is Monday, March 10th. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.23. Capital City Bank Group’s dividend payout ratio (DPR) is 30.77%.

About Capital City Bank Group

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.