Prospector Partners LLC Buys 4,900 Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG)

Prospector Partners LLC raised its stake in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 17.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,685 shares of the financial services provider’s stock after purchasing an additional 4,900 shares during the quarter. Prospector Partners LLC’s holdings in Capital City Bank Group were worth $930,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CCBG. Heartland Advisors Inc. boosted its holdings in shares of Capital City Bank Group by 9.6% in the 1st quarter. Heartland Advisors Inc. now owns 608,610 shares of the financial services provider’s stock valued at $16,858,000 after buying an additional 53,450 shares during the last quarter. Isthmus Partners LLC grew its position in shares of Capital City Bank Group by 50.3% in the 1st quarter. Isthmus Partners LLC now owns 107,583 shares of the financial services provider’s stock valued at $2,980,000 after acquiring an additional 35,997 shares during the period. American Century Companies Inc. grew its position in shares of Capital City Bank Group by 40.9% in the 2nd quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider’s stock valued at $3,201,000 after acquiring an additional 32,671 shares during the period. State Board of Administration of Florida Retirement System acquired a new position in shares of Capital City Bank Group during the 1st quarter worth about $585,000. Finally, Thomasville National Bank raised its holdings in shares of Capital City Bank Group by 17.8% in the 1st quarter. Thomasville National Bank now owns 82,704 shares of the financial services provider’s stock valued at $2,291,000 after purchasing an additional 12,500 shares during the period. Institutional investors and hedge funds own 44.59% of the company’s stock.

Capital City Bank Group Trading Up 1.1 %

Shares of CCBG stock opened at $36.09 on Friday. Capital City Bank Group, Inc. has a 12-month low of $25.45 and a 12-month high of $36.67. The company has a market capitalization of $611.47 million, a PE ratio of 11.76 and a beta of 0.53. The firm has a 50 day moving average price of $33.51 and a two-hundred day moving average price of $29.49. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.12.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. The company had revenue of $58.88 million for the quarter, compared to analyst estimates of $55.15 million. Capital City Bank Group had a return on equity of 11.67% and a net margin of 19.67%.

Capital City Bank Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 9th will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, September 9th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.55%. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.21. Capital City Bank Group’s dividend payout ratio (DPR) is currently 29.97%.

Insider Activity

In related news, Treasurer Thomas A. Barron sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $35.26, for a total transaction of $282,080.00. Following the transaction, the treasurer now directly owns 143,681 shares of the company’s stock, valued at $5,066,192.06. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 8,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $35.26, for a total transaction of $282,080.00. Following the transaction, the treasurer now owns 143,681 shares in the company, valued at approximately $5,066,192.06. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Treasurer Thomas A. Barron sold 3,000 shares of Capital City Bank Group stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the sale, the treasurer now owns 140,681 shares of the company’s stock, valued at $4,756,424.61. The disclosure for this sale can be found here. 19.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Hovde Group boosted their price target on Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 24th. Piper Sandler lowered Capital City Bank Group from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $30.00 to $34.00 in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods raised their price target on Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $35.80.

Capital City Bank Group Profile

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking- related services to individual and corporate clients. The company 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.