Heartland Advisors Inc. lowered its position in Capital City Bank Group (NASDAQ:CCBG) by 3.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 568,426 shares of the financial services provider’s stock after selling 22,020 shares during the period. Heartland Advisors Inc. owned approximately 3.35% of Capital City Bank Group worth $11,607,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Rhumbline Advisers increased its stake in Capital City Bank Group by 1.1% in the second quarter. Rhumbline Advisers now owns 14,792 shares of the financial services provider’s stock worth $302,000 after buying an additional 155 shares during the period. Alliancebernstein L.P. increased its stake in Capital City Bank Group by 1.9% in the first quarter. Alliancebernstein L.P. now owns 15,900 shares of the financial services provider’s stock worth $340,000 after buying an additional 300 shares during the period. American International Group Inc. increased its stake in Capital City Bank Group by 7.2% in the first quarter. American International Group Inc. now owns 6,779 shares of the financial services provider’s stock worth $145,000 after buying an additional 453 shares during the period. Acadian Asset Management LLC increased its stake in Capital City Bank Group by 19.0% in the second quarter. Acadian Asset Management LLC now owns 8,992 shares of the financial services provider’s stock worth $183,000 after buying an additional 1,438 shares during the period. Finally, IFP Advisors Inc increased its stake in Capital City Bank Group by 16.4% in the first quarter. IFP Advisors Inc now owns 11,878 shares of the financial services provider’s stock worth $254,000 after buying an additional 1,672 shares during the period. 31.39% of the stock is owned by hedge funds and other institutional investors.

Shares of Capital City Bank Group (NASDAQ:CCBG) traded up 1.87% during mid-day trading on Thursday, reaching $20.69. 718 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $20.88 and a 200-day moving average price of $20.45. Capital City Bank Group has a 1-year low of $13.81 and a 1-year high of $23.15. The company has a market capitalization of $350.99 million, a P/E ratio of 28.00 and a beta of 0.74.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Capital City Bank Group had a return on equity of 4.49% and a net margin of 9.27%. The firm had revenue of $33.63 million during the quarter, compared to analysts’ expectations of $33.60 million. On average, equities research analysts forecast that Capital City Bank Group will post $0.82 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Tuesday, September 5th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.37%. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.05. The ex-dividend date is Thursday, August 31st. Capital City Bank Group’s dividend payout ratio (DPR) is presently 27.03%.

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A number of analysts recently issued reports on the stock. BidaskClub downgraded shares of Capital City Bank Group from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Hovde Group increased their target price on shares of Capital City Bank Group from $22.50 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $23.00.

About Capital City Bank Group

Capital City Bank Group, Inc is a financial holding company. The Company provides a range of banking and banking-related services to individual and corporate clients through its subsidiary, Capital City Bank (CCB or the Bank), with banking offices located in Florida, Georgia and Alabama. It operates through commercial banking segment with over four principal services, including Banking Services (CCB), Data Processing Services (Capital City Services Company), Trust and Asset Management Services (Capital City Trust Company) and Brokerage Services (Capital City Banc Investments, Inc).

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

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