Heartland Advisors Inc. Acquires Shares of 500,000 Capital City Bank Group $CCBG

Heartland Advisors Inc. bought a new position in Capital City Bank Group (NASDAQ:CCBG) during the 2nd quarter, HoldingsChannel reports. The fund bought 500,000 shares of the financial services provider’s stock, valued at approximately $24,710,000. Capital City Bank Group makes up 1.1% of Heartland Advisors Inc.’s investment portfolio, making the stock its 12th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCBG. BlackRock Inc. purchased a new stake in Capital City Bank Group during the 2nd quarter valued at $83,449,000. Dimensional Fund Advisors LP increased its position in shares of Capital City Bank Group by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 882,114 shares of the financial services provider’s stock valued at $38,337,000 after acquiring an additional 3,468 shares during the period. Wellington Management Group LLP raised its stake in shares of Capital City Bank Group by 32.4% during the fourth quarter. Wellington Management Group LLP now owns 547,871 shares of the financial services provider’s stock valued at $23,323,000 after acquiring an additional 133,923 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Capital City Bank Group by 997.3% during the third quarter. Bank of America Corp DE now owns 192,495 shares of the financial services provider’s stock valued at $8,044,000 after acquiring an additional 174,953 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Capital City Bank Group by 6.3% during the first quarter. Renaissance Technologies LLC now owns 174,871 shares of the financial services provider’s stock worth $7,600,000 after purchasing an additional 10,400 shares during the period. 44.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a research note on Wednesday, June 24th. Wall Street Zen raised Capital City Bank Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Keefe, Bruyette & Woods increased their price objective on Capital City Bank Group from $52.00 to $54.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $51.75.

Capital City Bank Group Stock Down 0.0%

Shares of NASDAQ:CCBG opened at $51.33 on Friday. The firm has a market capitalization of $878.41 million, a P/E ratio of 14.26 and a beta of 0.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.78 and a current ratio of 0.79. The stock has a 50 day moving average price of $50.34 and a 200-day moving average price of $46.54. Capital City Bank Group has a 52-week low of $38.27 and a 52-week high of $53.60.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. The company had revenue of $64.80 million for the quarter, compared to analyst estimates of $64.25 million. Capital City Bank Group had a return on equity of 11.11% and a net margin of 21.37%. As a group, equities research analysts anticipate that Capital City Bank Group will post 3.69 EPS for the current fiscal year.

About Capital City Bank Group

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.