Maltese Capital Management LLC reduced its stake in Capital City Bank Group (NASDAQ:CCBG – Free Report) by 30.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,000 shares of the financial services provider’s stock after selling 22,400 shares during the period. Maltese Capital Management LLC owned about 0.29% of Capital City Bank Group worth $2,128,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. AQR Capital Management LLC increased its stake in shares of Capital City Bank Group by 24.1% during the first quarter. AQR Capital Management LLC now owns 12,177 shares of the financial services provider’s stock valued at $438,000 after buying an additional 2,362 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Capital City Bank Group by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider’s stock valued at $294,000 after buying an additional 327 shares during the period. Empowered Funds LLC increased its stake in shares of Capital City Bank Group by 8.1% during the first quarter. Empowered Funds LLC now owns 28,079 shares of the financial services provider’s stock valued at $1,010,000 after buying an additional 2,115 shares during the period. Jane Street Group LLC purchased a new position in shares of Capital City Bank Group during the first quarter valued at approximately $555,000. Finally, Rhumbline Advisers increased its stake in shares of Capital City Bank Group by 4.7% during the second quarter. Rhumbline Advisers now owns 21,994 shares of the financial services provider’s stock valued at $865,000 after buying an additional 982 shares during the period. 44.59% of the stock is owned by hedge funds and other institutional investors.
Capital City Bank Group Trading Down 1.8%
NASDAQ CCBG opened at $46.27 on Tuesday. Capital City Bank Group has a 12 month low of $35.94 and a 12 month high of $48.78. The stock has a market cap of $791.22 million, a P/E ratio of 13.11 and a beta of 0.32. The stock’s fifty day moving average price is $46.03 and its 200-day moving average price is $44.09. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06.
Capital City Bank Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 annualized dividend and a dividend yield of 2.3%. Capital City Bank Group’s dividend payout ratio (DPR) is 30.59%.
Analyst Ratings Changes
Several equities analysts have 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 Friday, March 27th. Brean Capital cut Capital City Bank Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 21st. Capital One Financial set a $49.50 price target on Capital City Bank Group in a research note on Tuesday, April 21st. Keefe, Bruyette & Woods upped their price target 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. Finally, Wall Street Zen cut Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $49.75.
View Our Latest Stock Report on CCBG
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.
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