Brandywine Global Investment Management LLC lessened its stake in shares of Capital City Bank Group (NASDAQ:CCBG) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,203 shares of the financial services provider’s stock after selling 147 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Capital City Bank Group were worth $127,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Capital City Bank Group by 26.9% during the 1st quarter. Vanguard Group Inc. now owns 457,244 shares of the financial services provider’s stock valued at $9,781,000 after acquiring an additional 96,943 shares in the last quarter. Wells Fargo & Company MN boosted its position in Capital City Bank Group by 153.5% during the 1st quarter. Wells Fargo & Company MN now owns 22,055 shares of the financial services provider’s stock valued at $472,000 after acquiring an additional 13,354 shares in the last quarter. Teachers Advisors LLC boosted its position in Capital City Bank Group by 16.0% during the 4th quarter. Teachers Advisors LLC now owns 18,330 shares of the financial services provider’s stock valued at $375,000 after acquiring an additional 2,535 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Capital City Bank Group by 20.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 53,490 shares of the financial services provider’s stock valued at $1,092,000 after acquiring an additional 9,113 shares in the last quarter. Finally, TNB Financial boosted its position in Capital City Bank Group by 5.1% during the 2nd quarter. TNB Financial now owns 39,220 shares of the financial services provider’s stock valued at $801,000 after acquiring an additional 1,900 shares in the last quarter. 31.39% of the stock is currently owned by institutional investors and hedge funds.

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A number of analysts have recently weighed in on CCBG shares. BidaskClub cut Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Hovde Group raised their price objective on 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. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $23.00 price objective on shares of Capital City Bank Group in a research report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.00.

Capital City Bank Group (NASDAQ:CCBG) opened at 24.62 on Friday. The stock has a market cap of $417.65 million, a price-to-earnings ratio of 33.32 and a beta of 0.68. The company has a 50-day moving average price of $22.13 and a 200-day moving average price of $20.86. Capital City Bank Group has a 52 week low of $14.29 and a 52 week high of $25.35.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Tuesday, September 5th were paid a dividend of $0.07 per share. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.28 annualized dividend and a dividend yield of 1.14%. Capital City Bank Group’s dividend payout ratio is 37.84%.

Capital City Bank Group Company Profile

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).

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

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