Proficio Capital Partners LLC Invests $647,000 in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Proficio Capital Partners LLC acquired a new position in Capital City Bank Group, Inc. (NASDAQ:CCBG) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 17,665 shares of the financial services provider’s stock, valued at approximately $647,000.

A number of other hedge funds have also recently made changes to their positions in CCBG. Wellington Management Group LLP bought a new position in Capital City Bank Group during the third quarter valued at approximately $5,673,000. JPMorgan Chase & Co. boosted its stake in Capital City Bank Group by 80.1% during the third quarter. JPMorgan Chase & Co. now owns 87,396 shares of the financial services provider’s stock valued at $3,084,000 after buying an additional 38,876 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Capital City Bank Group by 42.7% during the fourth quarter. Bank of New York Mellon Corp now owns 77,207 shares of the financial services provider’s stock valued at $2,830,000 after buying an additional 23,113 shares during the last quarter. Barclays PLC boosted its stake in 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 buying an additional 17,022 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Capital City Bank Group during the third quarter valued at approximately $323,000. Institutional investors own 44.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research note 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

Shares of Capital City Bank Group stock opened at $35.79 on Monday. The stock has a market cap of $610.36 million, a price-to-earnings ratio of 11.47 and a beta of 0.54. 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 50 day moving average price of $36.42 and a 200-day moving average price of $36.37. Capital City Bank Group, Inc. has a one year low of $25.45 and a one year high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $0.77 EPS for the quarter, topping 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%. Equities analysts expect 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 will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.24 dividend. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.68%. Capital City Bank Group’s payout ratio 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.