Legato Capital Management LLC Acquires New Position in Capital City Bank Group $CCBG

Legato Capital Management LLC acquired a new stake in Capital City Bank Group (NASDAQ:CCBG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,006 shares of the financial services provider’s stock, valued at approximately $469,000. Legato Capital Management LLC owned about 0.06% of Capital City Bank Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP purchased a new position in shares of Capital City Bank Group in the 3rd quarter valued at approximately $38,000. SG Americas Securities LLC purchased a new position in shares of Capital City Bank Group in the 3rd quarter valued at approximately $122,000. Raymond James Financial Inc. purchased a new position in shares of Capital City Bank Group in the 2nd quarter valued at approximately $150,000. Tower Research Capital LLC TRC raised its position in shares of Capital City Bank Group by 1,282.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,106 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 3,809 shares during the last quarter. Finally, Vident Advisory LLC purchased a new position in shares of Capital City Bank Group in the 2nd quarter valued at approximately $201,000. 44.59% of the stock is owned by hedge funds and other institutional investors.

Capital City Bank Group Trading Up 0.2%

Shares of NASDAQ:CCBG opened at $46.53 on Thursday. Capital City Bank Group has a 52-week low of $35.94 and a 52-week high of $48.78. The stock has a market cap of $795.66 million, a price-to-earnings ratio of 13.18 and a beta of 0.33. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $45.36 and a 200-day moving average price of $43.64.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Monday, April 20th. The financial services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.07. The company had revenue of $62.75 million during the quarter, compared to analysts’ expectations of $63.25 million. Capital City Bank Group had a return on equity of 11.10% and a net margin of 21.01%. Equities analysts predict that Capital City Bank Group will post 3.69 EPS for the current year.

Capital City Bank Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, June 1st. Capital City Bank Group’s dividend payout ratio (DPR) is currently 30.59%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CCBG shares. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a research note on Friday, March 27th. Zacks Research cut Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Capital One Financial set a $49.50 price objective on Capital City Bank Group in a research note on Tuesday, April 21st. Wall Street Zen cut Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Finally, Keefe, Bruyette & Woods raised their price objective on Capital City Bank Group from $45.00 to $50.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $49.75.

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.