Capital City Bank Group $CCBG Shares Sold by Maltese Capital Management LLC

Maltese Capital Management LLC lowered its stake in shares of Capital City Bank Group (NASDAQ:CCBG) by 14.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 72,400 shares of the financial services provider’s stock after selling 12,600 shares during the period. Maltese Capital Management LLC owned about 0.42% of Capital City Bank Group worth $3,026,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in Capital City Bank Group during the third quarter worth about $28,000. CWM LLC lifted its holdings in Capital City Bank Group by 140.7% in the third quarter. CWM LLC now owns 2,270 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 1,327 shares during the period. SG Americas Securities LLC purchased a new stake in Capital City Bank Group in the 3rd quarter worth approximately $122,000. Raymond James Financial Inc. acquired a new stake in shares of Capital City Bank Group during the 2nd quarter worth approximately $150,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Capital City Bank Group by 1,282.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,106 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 3,809 shares during the period. Institutional investors and hedge funds own 44.59% of the company’s stock.

Capital City Bank Group Trading Up 0.9%

Shares of NASDAQ:CCBG opened at $42.64 on Tuesday. The business’s 50 day moving average price is $43.04 and its 200-day moving average price is $42.43. Capital City Bank Group has a 1 year low of $32.38 and a 1 year high of $46.83. The firm has a market capitalization of $731.28 million, a price-to-earnings ratio of 11.84 and a beta of 0.32. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.82.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.09). The company had revenue of $63.46 million during the quarter, compared to analysts’ expectations of $64.65 million. Capital City Bank Group had a return on equity of 11.55% and a net margin of 21.47%. On average, equities research analysts forecast that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be paid a dividend of $0.27 per share. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, March 9th. Capital City Bank Group’s dividend payout ratio is presently 30.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods cut shares of Capital City Bank Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $47.00 to $45.00 in a research note on Wednesday, January 28th. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a research report on Monday, December 29th. Zacks Research downgraded shares of Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Wall Street Zen raised shares of Capital City Bank Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Capital One Financial set a $45.00 target price on Capital City Bank Group in a research report on Wednesday, January 28th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Capital City Bank Group presently has a consensus rating of “Hold” and an average target price of $45.00.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.