BNP Paribas Financial Markets Sells 6,857 Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG)

BNP Paribas Financial Markets lowered its position in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 39.3% in the 3rd quarter, Holdings Channel reports. The fund owned 10,578 shares of the financial services provider’s stock after selling 6,857 shares during the quarter. BNP Paribas Financial Markets’ holdings in Capital City Bank Group were worth $373,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its position in shares of Capital City Bank Group by 48.5% in the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 2,164 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Capital City Bank Group in the 3rd quarter worth approximately $323,000. Princeton Capital Management LLC raised its position in shares of Capital City Bank Group by 7.0% in the 3rd quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 500 shares in the last quarter. Capital City Trust Co. FL raised its position in shares of Capital City Bank Group by 6.5% in the 3rd quarter. Capital City Trust Co. FL now owns 150,680 shares of the financial services provider’s stock worth $5,318,000 after acquiring an additional 9,148 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Capital City Bank Group by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 24,809 shares of the financial services provider’s stock worth $876,000 after acquiring an additional 1,206 shares in the last quarter. Institutional investors own 44.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. StockNews.com lowered Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $36.80.

Capital City Bank Group Stock Down 1.1 %

CCBG stock opened at $38.86 on Friday. Capital City Bank Group, Inc. has a twelve month low of $25.45 and a twelve month high of $40.86. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The firm has a market cap of $658.44 million, a PE ratio of 12.74 and a beta of 0.56. The business has a 50 day moving average of $37.17 and a 200 day moving average of $33.43.

Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The business had revenue of $68.84 million during the quarter, compared to analyst estimates of $54.40 million. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. On average, research analysts forecast that Capital City Bank Group, Inc. will post 3.05 EPS for the current fiscal year.

Capital City Bank Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Monday, December 9th. Capital City Bank Group’s payout ratio is 30.16%.

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.