Murphy Middleton Hinkle & Parker Inc. lifted its position in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 78.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,556 shares of the financial services provider’s stock after buying an additional 33,149 shares during the quarter. Murphy Middleton Hinkle & Parker Inc. owned approximately 0.45% of Capital City Bank Group worth $1,646,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Alliancebernstein L.P. grew its position in Capital City Bank Group by 8.6% during the third quarter. Alliancebernstein L.P. now owns 36,620 shares of the financial services provider’s stock valued at $855,000 after buying an additional 2,891 shares during the period. BlackRock Inc. increased its stake in Capital City Bank Group by 0.4% in the 3rd quarter. BlackRock Inc. now owns 913,691 shares of the financial services provider’s stock valued at $21,325,000 after buying an additional 3,844 shares during the period. Dimensional Fund Advisors LP grew its position in Capital City Bank Group by 2.9% in the third quarter. Dimensional Fund Advisors LP now owns 877,610 shares of the financial services provider’s stock valued at $20,483,000 after acquiring an additional 24,399 shares in the last quarter. MetLife Investment Advisors LLC grew its position in Capital City Bank Group by 56.4% in the third quarter. MetLife Investment Advisors LLC now owns 9,022 shares of the financial services provider’s stock valued at $211,000 after acquiring an additional 3,253 shares in the last quarter. Finally, Maltese Capital Management LLC acquired a new stake in shares of Capital City Bank Group during the third quarter worth approximately $450,000. Hedge funds and other institutional investors own 40.27% of the company’s stock.
In other Capital City Bank Group news, Director Laura L. Johnson purchased 2,500 shares of Capital City Bank Group stock in a transaction that occurred on Friday, March 1st. The stock was purchased at an average price of $24.97 per share, for a total transaction of $62,425.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Treasurer Thomas A. Barron sold 5,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $23.53, for a total transaction of $117,650.00. Following the completion of the transaction, the treasurer now directly owns 130,237 shares in the company, valued at $3,064,476.61. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 5,832 shares of company stock valued at $142,103. 20.90% of the stock is currently owned by company insiders.
Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, January 29th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. The firm had revenue of $37.59 million for the quarter, compared to analysts’ expectations of $36.10 million. Capital City Bank Group had a return on equity of 7.71% and a net margin of 17.37%. As a group, research analysts predict that Capital City Bank Group, Inc. will post 1.62 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were issued a dividend of $0.11 per share. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Friday, March 8th. Capital City Bank Group’s dividend payout ratio is currently 33.85%.
A number of research firms have issued reports on CCBG. BidaskClub upgraded Capital City Bank Group from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. Zacks Investment Research lowered Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Stephens reissued a “hold” rating and set a $25.00 price target on shares of Capital City Bank Group in a report on Wednesday, January 30th. Finally, ValuEngine lowered Capital City Bank Group from a “hold” rating to a “sell” rating in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $26.75.
Capital City Bank Group Company Profile
Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It offers financing for commercial business properties, equipment, inventories, and accounts receivable, as well as commercial leasing and letters of credit; treasury management services; and merchant credit card transaction processing services.
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