Bailard Inc. Makes New Investment in Capital City Bank Group $CCBG

Bailard Inc. bought a new stake in shares of Capital City Bank Group (NASDAQ:CCBG) in the third quarter, HoldingsChannel reports. The institutional investor bought 17,600 shares of the financial services provider’s stock, valued at approximately $736,000.

A number of other hedge funds also recently modified their holdings of CCBG. American Century Companies Inc. lifted its stake in Capital City Bank Group by 13.8% in the 2nd quarter. American Century Companies Inc. now owns 293,407 shares of the financial services provider’s stock valued at $11,546,000 after purchasing an additional 35,603 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Capital City Bank Group by 156.2% during the second quarter. Ameriprise Financial Inc. now owns 30,893 shares of the financial services provider’s stock worth $1,216,000 after buying an additional 18,834 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Capital City Bank Group in the 1st quarter valued at $555,000. Marshall Wace LLP bought a new position in shares of Capital City Bank Group in the 2nd quarter valued at $389,000. Finally, Integrated Quantitative Investments LLC acquired a new stake in shares of Capital City Bank Group during the 2nd quarter valued at $336,000. Institutional investors own 44.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CCBG. Zacks Research upgraded Capital City Bank Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $45.00.

Capital City Bank Group Stock Down 4.0%

Shares of NASDAQ CCBG opened at $44.31 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.08. The firm has a market cap of $756.37 million, a PE ratio of 12.41 and a beta of 0.36. The company’s fifty day simple moving average is $42.97 and its 200 day simple moving average is $41.94. Capital City Bank Group has a 12-month low of $32.38 and a 12-month high of $46.83.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.87 by $0.06. Capital City Bank Group had a return on equity of 11.75% and a net margin of 21.50%.The firm had revenue of $65.89 million during the quarter, compared to the consensus estimate of $64.30 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. As a group, sell-side analysts forecast that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.26 per share. The ex-dividend date was Monday, December 1st. This represents a $1.04 annualized dividend and a yield of 2.3%. Capital City Bank Group’s dividend payout ratio (DPR) is 29.13%.

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.