Martingale Asset Management L P bought a new position in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 31,400 shares of the financial services provider’s stock, valued at approximately $729,000. Martingale Asset Management L P owned 0.18% of Capital City Bank Group as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CCBG. Bank of New York Mellon Corp boosted its position in shares of Capital City Bank Group by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 72,416 shares of the financial services provider’s stock valued at $1,680,000 after purchasing an additional 739 shares during the period. Teton Advisors Inc. boosted its position in shares of Capital City Bank Group by 1.0% in the 4th quarter. Teton Advisors Inc. now owns 96,976 shares of the financial services provider’s stock valued at $2,251,000 after purchasing an additional 1,000 shares during the period. Murphy Middleton Hinkle & Parker Inc. boosted its position in shares of Capital City Bank Group by 5.6% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 42,407 shares of the financial services provider’s stock valued at $984,000 after purchasing an additional 2,265 shares during the period. Alliancebernstein L.P. boosted its position in shares of Capital City Bank Group by 8.6% in the 3rd quarter. Alliancebernstein L.P. now owns 36,620 shares of the financial services provider’s stock valued at $855,000 after purchasing an additional 2,891 shares during the period. Finally, MetLife Investment Advisors LLC boosted its position in shares of Capital City Bank Group by 56.4% in the 3rd quarter. MetLife Investment Advisors LLC now owns 9,022 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 3,253 shares during the period. 39.63% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on CCBG. BidaskClub lowered Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. Stephens reiterated a “hold” rating and issued a $25.00 price target on shares of Capital City Bank Group in a research report on Wednesday, January 30th. Zacks Investment Research upgraded Capital City Bank Group from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Thursday, January 3rd. Finally, ValuEngine lowered Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 5th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Capital City Bank Group has an average rating of “Hold” and an average target price of $26.60.

Shares of NASDAQ CCBG opened at $23.48 on Friday. Capital City Bank Group, Inc. has a one year low of $19.92 and a one year high of $26.95. The stock has a market cap of $398.52 million, a price-to-earnings ratio of 18.06 and a beta of 0.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.80 and a quick ratio of 0.80.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, January 29th. The financial services provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. Capital City Bank Group had a return on equity of 7.71% and a net margin of 17.37%. The firm had revenue of $37.59 million during the quarter, compared to analyst estimates of $36.10 million. Equities analysts expect that Capital City Bank Group, Inc. will post 1.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 25th. Shareholders of record on Monday, March 11th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, March 8th. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a yield of 1.87%. Capital City Bank Group’s dividend payout ratio (DPR) is presently 33.85%.

In other news, Director Laura L. Johnson purchased 2,500 shares of Capital City Bank Group stock in a transaction dated Friday, March 1st. The stock was acquired at an average cost of $24.97 per share, for a total transaction of $62,425.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have acquired a total of 5,832 shares of company stock valued at $142,103 over the last 90 days. Corporate insiders own 24.31% of the company’s stock.

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Capital City Bank Group Profile

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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.

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

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