Inceptionr LLC acquired a new stake in Capital City Bank Group (NASDAQ:CCBG – Free Report) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 11,732 shares of the financial services provider’s stock, valued at approximately $510,000.
Several other hedge funds have also added to or reduced their stakes in CCBG. AQR Capital Management LLC grew its position in shares of Capital City Bank Group by 24.1% in the 1st quarter. AQR Capital Management LLC now owns 12,177 shares of the financial services provider’s stock valued at $438,000 after purchasing an additional 2,362 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Capital City Bank Group by 4.2% in 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 boosted its holdings in shares of Capital City Bank Group by 8.1% in 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 acquired a new stake in shares of Capital City Bank Group during the first quarter worth $555,000. Finally, Rhumbline Advisers raised its holdings 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 worth $865,000 after acquiring an additional 982 shares during the period. Institutional investors and hedge funds own 44.59% of the company’s stock.
Capital City Bank Group Stock Performance
CCBG opened at $51.60 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. Capital City Bank Group has a 12-month low of $38.00 and a 12-month high of $52.22. The business has a 50 day moving average of $47.84 and a 200-day moving average of $45.34. The stock has a market cap of $882.36 million, a price-to-earnings ratio of 14.33 and a beta of 0.31.
Capital City Bank Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.27 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 annualized dividend and a yield of 2.1%. Capital City Bank Group’s payout ratio is currently 30.00%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on CCBG. Brean Capital cut Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. Capital One Financial set a $49.50 price objective on Capital City Bank Group in a research report on Tuesday, April 21st. 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. Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a research report on Wednesday, June 24th. Finally, Wall Street Zen upgraded Capital City Bank Group from a “sell” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Capital City Bank Group has a consensus rating of “Hold” and an average price target of $51.75.
Read Our Latest Stock Analysis on CCBG
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.
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