Empowered Funds LLC Buys New Position in Capital City Bank Group $CCBG

Empowered Funds LLC bought a new stake in Capital City Bank Group (NASDAQ:CCBG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 44,913 shares of the financial services provider’s stock, valued at approximately $2,220,000.

Several other institutional investors have also recently bought and sold shares of CCBG. BlackRock Inc. acquired a new stake in shares of Capital City Bank Group in the second quarter valued at approximately $83,449,000. Legato Capital Management LLC bought a new stake in shares of Capital City Bank Group in the fourth quarter worth $469,000. Inceptionr LLC acquired a new position in Capital City Bank Group during the first quarter worth $510,000. Heartland Advisors Inc. acquired a new position in Capital City Bank Group during the second quarter worth $24,710,000. Finally, Jefferies Financial Group Inc. bought a new position in Capital City Bank Group in the fourth quarter valued at $724,000. Institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Price Performance

NASDAQ:CCBG opened at $50.98 on Thursday. The stock’s 50 day moving average price is $50.94 and its two-hundred day moving average price is $47.02. Capital City Bank Group has a 12-month low of $38.27 and a 12-month high of $53.60. The firm has a market capitalization of $872.27 million, a price-to-earnings ratio of 14.16 and a beta of 0.32. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.06.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The firm had revenue of $64.80 million during the quarter, compared to analysts’ expectations of $64.25 million. Capital City Bank Group had a net margin of 21.37% and a return on equity of 11.11%. On average, analysts anticipate that Capital City Bank Group will post 3.69 earnings per share for the current year.

Capital City Bank Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be paid a dividend of $0.27 per share. The ex-dividend date is Tuesday, September 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.1%. Capital City Bank Group’s dividend payout ratio (DPR) is 30.00%.

Analyst Upgrades and Downgrades

CCBG has been the topic of several analyst reports. Wall Street Zen raised shares of Capital City Bank Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Keefe, Bruyette & Woods raised their price objective on Capital City Bank Group from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $51.75.

Capital City Bank Group 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.